Separately Metered Rental Cottage
COLLEGEVILLE, PA 19426 Collegeville, PA 19426
SINGLE_FAMILY - COLLEGEVILLE, PA
Property size:
10,580 SF- Added:
- May 1, 2025
- Days on Market:
- 436
- Last Refresh:
- Jul 10 at 6:06 pm
Property Features
General Information
- Property type
- Residential
- Property subtype
- Other
- Standard status
- Pending
- Size
- 10,580 SF
Building Details
- Year built
- 1940
Listing agent Bob Kline CRS License #AB060459L (610) 804-9716
Listing office BHHS Fox & Roach Wayne-Devon Sales Office PA (610) 651-2700
Listing date May 1, 2025
MLS# PAMC2138328
Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Perkiomen Creek Village is a cluster rental community consisting of 12 units in eight buildings. The mix includes six single-family cottages, a twin/duplex, and a four-unit main house. All units are separately metered with 100 amp electric service, with gas heat and hot water across the community; one unit uses oil heat, and four units use electric hot water. Each unit includes a washer, dryer, dishwasher, gas range, and refrigerator. Most units also have private basements, while the quad has a shared basement.
According to the seller, the property is 100% leased and generates a 7.4 CAP rate. The six single-family homes were totally renovated in 2023, with updates that include granite countertops, stainless steel appliances, new cabinets, LVP flooring, and new HVAC with central air. The twin/duplex units were repainted and received LVP flooring in June 2025. The community uses public sewer and on-site well water, and it provides private access to the Perkiomen Trail. It is also located across from PV High School, with school district bus pickup in front of the property.
According to the seller, the property is 100% leased and generates a 7.4 CAP rate. The six single-family homes were totally renovated in 2023, with updates that include granite countertops, stainless steel appliances, new cabinets, LVP flooring, and new HVAC with central air. The twin/duplex units were repainted and received LVP flooring in June 2025. The community uses public sewer and on-site well water, and it provides private access to the Perkiomen Trail. It is also located across from PV High School, with school district bus pickup in front of the property.
Key Highlights
- Cluster of cottage homes and apartments on 2.81 acres along the Perkiomen Creek with 12 units in 8 buildings
- 100% leased with a reported 7.4 CAP rate
- Unit mix includes 6 single homes, a twin/duplex, and a 4‑unit main house
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $234.9k | $22.20 |
| − Vacancy | −$15.3k | −$1.44 |
| EGI | $219.6k | $20.76 |
| − OpEx | −$65.9k | −$6.23 |
| NOI | $153.7k | $14.53 |
10,580 SF · lease $22.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$2.20M
$1.92M – $2.56M
NOI $153,726 @ 7.0% cap · market cap 6.03%
Second Best
Apartment 5plus
$2.04M
$1.79M – $2.38M
NOI $142,939 @ 7.0% cap · market cap 5.61%
Theoretical Best
Specialty Retail
$6.09M
$5.33M – $7.10M
NOI $426,001 @ 7.0% cap · market cap 16.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
Similar For Sale Nearby
FAQs
What type of property is this?
Single family property - Twelve-unit rental community in eight buildings with separately metered utilities, multiple renovated homes, and in-unit laundry.
Where is this single family property located?
The property is located at Collegeville, PA.
What is the asking price?
The asking price for this property is $2,550,000.
What are key features of this property?
This property features: Cluster of cottage homes and apartments on 2.81 acres along the Perkiomen Creek with 12 units in 8 buildings; 100% leased with a reported 7.4 CAP rate; Unit mix includes 6 single homes, a twin/duplex, and a 4‑unit main house
