SQUARE FEET10,580
MLS#PAMC2141186
STATUSACTIVE
PROPERTY TYPEMulti Unit - Multiple
SCHOOLPERKIOMEN VALLEY
Property Description
Welcome to Perkiomen Creek Village - a cluster of cottage homes and apartments located on the banks of the Perkiomen Creek offering a 7.16 CAP Rate! 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 were repainted and LVP 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! As Rents continue to reach market rent, rents have increased by $20,000/yr in the last 6 months of 2025! With these new leases setting a precedent for rents within the community, an additional $18,900/yr is expected in 2026. Minimal deferred maintenance required.
Property Features
Property Type: Multi Unit - Multiple
Basement: Daylight, Full
Basement: Yes
Cooling: Central A/C
Fireplaces: 1
Fuel Type: Natural Gas, Oil
Heating: Central,90% Forced Air, Baseboard - Hot Water
Home Style: Bungalow, Cabin/Lodge, Cottage, Side-by-Side, Other
Lot Size: 2.81 Acres
Roof Type: Asphalt, Shingle
Taxes: $17,192
Year Built: 1940
Feature Descriptions
Additional Structures: Above Grade
Appliances: Dishwasher, Dryer, Oven/Range - Gas, Refrigerator, Stainless Steel Appliances, Washer, Water Heater
Electric: 100 Amp Service
Exterior: Stucco
Exterior: Exterior Lighting, Outbuilding(s), Sport Court
Flooring: Luxury Vinyl Plank, Carpet
Lot: Flood Plain, Stream/Creek
Lot Dimensions: 2.81 Acre(S)
Municipality: PERKIOMEN TWP
One Bedroom Units: 1
Parking Notes: Private
Sewer: Public Sewer
Special View Info: Water
Structure Type: Detached
Three Bedroom Units: 4
Total Garage/Parking Spaces: 30
Two Bedroom Units: 6
Units: 4
Utilities: Above Ground, Cable TV, Electric Available, Natural Gas Available, Sewer Available
Water: Well-Shared
Windows: Double Hung, Replacement
Local Schools
High School: PERKIOMEN VALLEY
Middle School: PERKIOMEN VALLEY MIDDLE SCHOOL EAST
Elementary School: EVERGREEN
School District: PERKIOMEN VALLEY
Listed By / Shown By
Listed By
Agency Name: BHHS Fox & Roach Wayne-Devon
Agency Phone: 6106512700
Shown By
Agent Name: The Chrissie Barrick Team
Agent Phone: (717) 451-3850
Agency Title: Berkshire Hathaway HomeServices Homesale Realty
First AmericanEstimate Your Payment
Estimated Payment
$ 8,606.78 per month $6,342.86 Principal & Interest $1,432.67 Property Tax $831.25 Homeowner's Insurance
Corporate Office - 215 S Centerville Rd. Lancaster, PA 17603
514-530 Gravel Pike | MLS# PAMC2141186
This multi-family property located at 514-530 Gravel Pike, Collegeville, PA 19426 is currently listed for sale with an asking price of $2,850,000. 514-530 Gravel Pike is located within the PERKIOMEN VALLEY school district. Search Collegeville real estate on www.thechrissiebarrickteam.com today.