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Brian Foraker

brian@forakersales.com +1(302) 420-4616

Listed by Bob Kline • BHHS Fox & Roach Wayne-Devon

$ 2,550,000

Est. payment | -/mo

2.81 Acres Lot

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$ 2,550,000

Est. payment | -/mo

Save

2.81 Acres Lot

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Pending

Purchase Type For Sale

MLS Listing ID PAMC2138328

Year Built 1940

Annual Tax Amount $17,680

Tax Year 2025

Lot Size 2.810 Acres

Acres 2.81

Lot Dimensions 485 ft frontage

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

Just Reduced, AGAIN! Motivated Seller! 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 with a 7.4 CAP Rate 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 was 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 increase to market levels, over $20,000/yr increases have taken place in the last 6 months of 2025. These increases have set a precedent for rents within the community that should translate into additional increases in rent in 2026! Minimal deferred maintenance required.

Location

State PA

County Montgomery

Area Perkiomen Twp (10648)

Zoning 1140 APT: CONVERSION 5+

Interior

Hot Water Electric, Natural Gas

Cooling Central A/C

Flooring Luxury Vinyl Plank, Carpet

Inclusions Washers, Dryers, and Refrigerators in all units

Heat Source Natural Gas, Oil

Exterior

Garage Spaces 30.0

Utilities Available Above Ground, Cable TV, Electric Available, Natural Gas Available, Sewer Available

Water Access N

View Water

Roof Type Asphalt,Shingle

Street Surface Black Top

Accessibility None

Road Frontage State

Total Parking Spaces 30

Garage N

Building

Lot Description Flood Plain, Stream/Creek

Foundation Block

Sewer Public Sewer

Water Well-Shared

New Construction N

Schools

Elementary Schools Evergreen

Middle Schools Perkiomen Valley Middle School East

High Schools Perkiomen Valley

School District Perkiomen Valley

Others

Tax ID 48-00-00898-008

Ownership Fee Simple

Acceptable Financing Conventional, Cash, Exchange, Other

Listing Terms Conventional, Cash, Exchange, Other

Financing Conventional,Cash,Exchange,Other

Special Listing Condition Standard

NEARBY SCHOOL & BUSINESS

+1(302) 420-4616

brian@forakersales.com

135 E State St, United States

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530 GRAVEL PIKE Collegeville, PA 19426