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514-530 Gravel PIKE
For Sale $2,850,000 ($269.38 per Sq Ft)
$2,850,000 ($269.38 per Sq Ft)
- 4 Units
- 10,580 Sq Ft
- 122,404 Sq Ft
- Unknown Cap Rate
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.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $2,850,000 |
| Property Type | Other |
| Usable Sqft | 10,580 |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 1940 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 480000898008 |
| MLS # | PAMC2141186 |
| Property ID | 321817133 |
| Lot Sqft | 122,404 |
| Zoning | 1140 APT: CONVERSION 5+ |
| Total Units | 4 |
| Days on Market | 202 |
| Original List Price | Unknown |
| Applicances | Dishwasher,Dryer,Oven/Range - Gas,Refrigerator,Stainless Steel Appliances,Washer,Water Heater% |
| Date Updated | October 17, 2025 |
| Date Created | May 19, 2025 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $275,820 | $0 |
| Net Income (Yr) | $ 204,129 |
| Cap Rate | 7.10% |
Listing Provided By
Robert Kline an agent of . Lic #AB060459L
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Data last updated: December 07, 2025.
Robert Crawford
REAL ESTATE AGENT