514-530 Gravel Pike, COLLEGEVILLE, PA 19426
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514-530 Gravel Pike,COLLEGEVILLE, PA 19426
$2,950,000
- 25 Beds
- - Baths
- 10,580 sq. ft.
- Multi-family
- Active
Listed by:robert kline
Office:bhhs fox & roach wayne-devon
MLS#:PAMC2141186
Source:BRIGHTMLS
Price summary
- Price:$2,950,000
- Price per sq. ft.:$278.83
About this home
Welcome to Perkiomen Creek Village - a cluster of cottage homes and apartments located on the banks of the Perkiomen Creek. This enclave consists of 12 units within 8 buildings situated on 2.81 acres. This highly desirable and popular village is 100% leased and is sought after by potential tenants who enjoy the the Perkiomen Trail, either on foot or on the water, and those familiar with Perkiomen Valley Schools located just across Gravel Pike. The complex consists of 6 singles, a Twin/Duplex and a 4 unit main House. All units are separately metered with 100 amp electric, Gas heat & Hot water(1 unit has oil heat & 4 units have electric Hot water) . The 6 Single homes were all totally Renovated in 2023 with finishes that include Granite Counters, S/S Appliances, new cabinets, LVP flooring & new HVAC w/ C/A. Both Twin/Duplex units are scheduled to be repainted and LVP to be installed (June 2025). All units include a Washer, Dryer, Dishwasher, Gas Range and Refrigerator. All Cottages, Waterfront House, and Twin/Duplex have private basements. Quad has a shared basement. All units are Public Sewer and On-Site well water.
Highly desirable rental community, always a waiting list, with private access to the Perkiomen Trail. Conveniently Located across From PV High School with school district bus pickup in front of the property. There is so much more than just cap rates to consider with this opportunity, many of the units are still rented below market rents! Minimal deferred maintenance required.
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Home facts
- Year built:1940
- Listing Id #:PAMC2141186
- Added:87 day(s) ago
- Updated:August 16, 2025 at 01:27 PM
Rooms and interior
- Bedrooms:25
- Living area:10,580 sq. ft.
Heating and cooling
- Cooling:Central A/C
- Heating:90% Forced Air, Baseboard - Hot Water, Central, Natural Gas, Oil
Structure and exterior
- Roof:Asphalt, Shingle
- Year built:1940
- Building area:10,580 sq. ft.
- Lot area:2.81 Acres
Schools
- High school:PERKIOMEN VALLEY
Utilities
- Water:Well-Shared
- Sewer:Public Sewer
Finances and disclosures
- Price:$2,950,000
- Price per sq. ft.:$278.83
- Tax amount:$17,192 (2025)
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