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514 - 530 Gravel Pike 514-530 Gravel Pike

12 Unit Block of Flats £2,205,255 (£183,771/Unit) 5.84% Net Initial Yield Collegeville, PA 19426

Investment Highlights

  • 2,8 Acres
  • Park like Setting, Room to raise rents
  • 8 Buildings on One Parcel

Executive Summary

Collegeville Montgomery County 12 UNIT Residential Welcome to 530 Gravel Pike, Collegeville PA 19426. Very Unique property. 12 units total, 8 Separate buildings on one 2.8 Acre parcel. Own you own park!! Unit Breakdown: 1. Large Single with 4 Units 2. Duplex- Twin 2 Units 3. 4 Bedroom Single 4. 3 Bedroom single 5. 4 Single Cottages Main house is stucco and vinyl sided two-story with 4 apartment units; Three 3-beds, One 2-beds; Duplex is side-by-side twin each with 2 beds; Five waterfront cottages with One 3-beds, Three 2-beds, One 1-bed; Waterfront Single 2-story, 4 beds, 2 bath house that is stone and stucco. All units are separately metered for electric, gas heat and hot water. 6 units ( Four cottages and the 4 bed and 3 bed house have been completely renovated 2022-23).

Financial Summary (Actual - 2022) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2022) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price £2,205,255
Price Per Unit £183,771
Sale Type Investment
Net Initial Yield 5.84%
No. Units 12
Property Type Residential
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 2.81 AC
Building Size 10,500 SF
Average Occupancy 100%
Number of Floors 3
Year Built/Renovated 1876/2022
Parking Ratio 2.86/1,000 SF

Unit Amenities

  • Air Conditioning
  • Heating
  • Kitchen
  • Basement
  • Deck

Site Amenities

  • 24 Hour Access
  • Courtyard
  • Waterfront
  • Smoke Free

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
1+1 1 - 600
2+1 6 - 600 - 890
3+1 3 - 900
3+1.5 1 - 900
4+2 1 - 1,900

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
48-00-00898-008
Land Assessment
£0 (2024)
Improvements Assessment
£0 (2024)
Total Assessment
£309,289 (2024)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2022

zoning

Zoning Code R1
R1
  • Listing ID: 29671198

  • Date on Market: 01/10/2023

  • Last Updated:

  • Address: 514-530 Gravel Pike, Collegeville, PA 19426

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