NOT LISTED FOR SALE

203 Gravel Pike Collegeville, PA 19426

Perkiomen Township Neighborhood
-- Bed
-- Bath
4,730 Sq Ft
1.1 Acres

Last Sold August 01, 2023

Last sale price $731,000 $155 Per Sq Ft

90 Days on Market

Highlights

  • 1.1 Acre Lot
  • Colonial Architecture
  • Back, Front, and Side Yard
  • South Elementary School Rated A
  • Corner Lot
  • Electric Baseboard Heater

About This Home

As of August 2023

8 Unit apartment building ideally located near the Rt 422 expressway, providing quick and easy access to major employment, dining, shopping, entertainment. Ursinus college is just minutes away, along with access points to the Perkiomen Trail. Plenty of off street parking for the tenants, many units have private entrances.
Rental rates could be increased. Many of the tenants have been there for a long period of time, great rental history. Real estate has proven over the years to be a solid investment over time.

Last Agent to Sell the Property

Terry Derstine

BHHS Fox & Roach-Collegeville Listed on: 11/10/2022

BHHS Fox & Roach-Collegeville

Last Buyer's Agent

Luke Attanasi

Valley Forge Real Estate Group LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,278

Year Built

  • Built in 1875

Lot Details

  • 1.1 Acre Lot
  • Lot Dimensions are 165.00 x 0.00
  • Corner Lot
  • Open Lot
  • Sloped Lot
  • Back, Front, and Side Yard
  • Property is in average condition

Home Design

  • Colonial Architecture
  • Flat Roof Shape
  • Brick Exterior Construction
  • Stone Foundation
  • Plaster Walls
  • Asphalt Roof
  • Stone Siding
  • Masonry
  • Stucco

Interior Spaces

  • 4,730 Sq Ft Home
  • Double Hung Windows
  • Insulated Doors
  • Stove

Flooring

  • Carpet
  • Vinyl

Unfinished Basement

  • Partial Basement
  • Exterior Basement Entry

Parking

  • 16 Open Parking Spaces
  • 16 Parking Spaces
  • Private Parking
  • Paved Parking
  • Parking Lot
  • Unassigned Parking

Location

  • Suburban Location

Schools

  • Perkiomen Valley High School

Utilities

  • Window Unit Cooling System
  • Wall Furnace
  • Electric Baseboard Heater
  • 120/240V
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • The owner pays for common area maintenance, air conditioning
  • Tax Lot 22
  • Assessor Parcel Number 48-00-00238-002

Community Details

Overview

  • 4 Units
  • 2-Story Building

Building Details

  • Income includes apartment rentals
  • Maintenance Expense $1,599
  • Manager Expense $4,569
  • Trash Expense $7,900
  • Net Operating Income $46,373

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,278

Year Built

Built in 1875

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Exclusions: Tenants Personal Property
  • Historic: No
  • New Construction: No
  • Year Built: 1875
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Appliances: Stove, Refrigerator
  • Flooring Type: Carpet, Vinyl
  • Window Features: Double Hung
  • Fireplace: No
  • Door Features: Insulated
  • Wall Ceiling Types: Dry Wall, Plaster Walls
  • Foundation Details: Stone
  • Basement: Yes
  • Basement Type: Outside Entrance, Partial, Unfinished
  • Total Sq Ft: 4730
  • Living Area Sq Ft: 4730
  • Price Per Sq Ft: 179.70
  • Above Grade Finished Sq Ft: 4730
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 203

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Block, Brick, Masonry, Mixed Plumbing, Stone, Stucco
  • Road Surface Type: Black Top
  • Roof: Asphalt, Flat
  • Spa: No
  • View: Street
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Paved Driveway, Paved Parking, Private, Unassigned
  • Total Garage And Parking Spaces: 16
  • Type Of Parking: Parking Lot
  • Parking Lot Number Of Spaces: 16

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Monthly Average Electric: 59
  • Previous Twelve Months Electric Expense: 711.00
  • Electric Service: 120/240V, Circuit Breakers
  • Heating Fuel: Natural Gas, Electric
  • Heating Type: Baseboard - Electric, Wall Unit
  • Heating: Yes
  • Hot Water: Natural Gas, Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv, Electric Available, Natural Gas Available, Sewer Available, Water Available
  • Monthly Water Average: 36
  • Water Previous Twelve Months: 426.00
  • Water Source: Public
  • Municipal Trash: No
  • Internet Services: Cable

Condo/Co-op/Association

  • Professional Management Expense: 4569.00
  • Association Recreation Fee: No

Schools

  • School District: PERKIOMEN VALLEY
  • High School: PERKIOMEN VALLEY
  • High School Source: Listing Agent
  • School District Key: 300200397146
  • School District Source: Listing Agent
  • High School: PERKIOMEN VALLEY

Lot Info

  • Land Use Code: 1140
  • Lot Features: Corner, Front Yard, Open, Rear Yard, Road Frontage, Sideyard(s), Sloping
  • Lot Size Acres: 1.10
  • Lot Dimensions: 165.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 47900.00
  • Property Condition: Average
  • Year Assessed: 2022
  • Zoning: VCR
  • Zoning Description: Village Commercial

Rental Info

  • Existing Lease Type: Month To Month, Yearly
  • Ground Rent Exists: No
  • Owner Pays: Common Area Maintenance, Air Conditioning
  • Rent Control: No
  • Total Actual Rent: 76850.00
  • Units Leased Count: 8
  • Vacation Rental: No

Tax Info

  • School Tax: 7332.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 8278.00
  • Assessor Parcel Number: 48-00-00238-002
  • Tax Lot: 22
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 08/01/2023

Multi Family

  • Gross Income: 76850.75
  • Income Includes: Apartment Rentals

MLS Schools

  • School District Name: PERKIOMEN VALLEY

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/01/2023 08/01/23 Sold $731,000 -14.0% $155 / Sq Ft
05/25/2023 05/25/23 Price Changed $850,000 0.0% $180 / Sq Ft
04/11/2023 04/11/23 Price Changed $850,000 0.0% $180 / Sq Ft
02/08/2023 02/08/23 Pending -- -- --
01/28/2023 01/28/23 Price Changed $850,000 0.0% $180 / Sq Ft
01/28/2023 01/28/23 For Sale $850,000 -5.0% $180 / Sq Ft
11/29/2022 11/29/22 Pending -- -- --
11/23/2022 11/23/22 Price Changed $895,000 -5.8% $189 / Sq Ft
11/10/2022 11/10/22 For Sale $950,000 -- $201 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Terry Derstine

    Seller's Agent in 2023

    Terry Derstine

    BHHS Fox & Roach

    (267) 992-9280

    2 in this area

    147 Total Sales

    Terry Derstine
    Section Image

  • L

    Buyer's Agent in 2023

    Luke Attanasi

    Valley Forge Real Estate Group LLC

    (267) 275-4971

    1 in this area

    10 Total Sales

    Luke Attanasi
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: PAMC2057598

Bright MLS

APN: 48-00-00238-002

Pennsylvania Montgomery County Collegeville 19426 Perkiomen Township

203 Gravel Pike, Collegeville, PA

This home is located at 203 Gravel Pike, Collegeville, PA 19426 since 10 November 2022. This property was built in 1875. 203 Gravel Pike is a home located in Montgomery County with nearby schools including South Elementary School, Perkiomen Valley Middle School East, and Holy Cross Regional Catholic School.

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