530 Gravel Pike - Apartments FOR SALE


Collegeville, PA 19426
$2,950,000 USD
610-651-2700
530 Gravel Pike, Collegeville, PA for Sale
$2,950,000 USD
Apartments - FOR SALE
1/43
null | 6.42% Cap Rate

530 Gravel Pike
Collegeville, PA 19426


HIGHLIGHTS

  • 12 unit Cluster of waterfront Cottages and Apartment
  • all 6 single homes completed renovated in 2023 w/ granite CTs,LVP, New HVAC
  • 100% leased and frequently a waiting list for these highly desired units & location

OVERVIEW

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 High School 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.

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$279 USD /SF

# OF UNITS

12

PRICE/UNIT

$245,833

CAP RATE

6.42%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

514 - 530 Gravel Pike

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1940

PARKING SPACES

30

LAND DETAILS

LAND ACRES

3.18 AC

LAND SF

138,521 SF

ZONING

1140 Apt: Conversion 5+

APN/PARCEL ID

48-00-00898-008

ASK ABOUT THIS PROPERTY

Bob KlineBhhs Fox & Roach Wayne-devonMore Info
610-651-2700

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Bob KlineBhhs Fox & Roach Wayne-devonMore Info
610-651-2700

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.