193 W 7TH AVENUE, COLLEGEVILLE, PA 19426

FOR SALE
  • $195,000
  • 8 Days on site
  • Est: $722/month
  • Mortgage Center
  • Beds: n/a
  • Baths: n/a
  • Raw Land
X
Listing Provided By: Era Continental Realty
(610) 630-3700
Listing Agent: Nina Hamaday

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Description

This Circa 1850 3,000 Sq Ft, 10 room farmhouse, located in Upper Perkiomen School District, Is ready for complete renovation. This house is situated on 1.61 Acres (70,000 Sq Ft) The owner is contemplating a subdivision of the 70,000 Sq Ft which meets the requirements for another lot subdivision in the rear of the property, however a variance would be needed for the frontage. (Frontage currently is 175', 2 lots would require 250') The listed price includes 30,000 Sq Ft lot with the property. (175' Wide x 171' Deep). The owner is willing to sell the entire parcel, giving the buyer the opportunity to subdivide the lot themselves for $300,000. This is a CASH SALE ONLY, As no financing can be obtained for this house in its present shell condition. When renovated, this will have a minimum of 5 Bedrooms, 3 Bathrooms. Walk-Out Bilco basement door entry. Gas service is on property, 200 Amp Electric service. Owner will not hold financing, however, the owner is willing to hold the title of the property, and contract with a "renovation partner" on the renovation of the house and split profits on a pro-rated basis, upon completion and sale, thereby saving the upfront capital down money to purchase. This is a RARE proper and unique and a very profitable opportunity for the right investor. Contractor estimates for renovation are between $80K - $110K to renovate and complete property. Informal appraisal comp values of completed renovated house are $415K - $500K. 2 CAR DETACHED GARAGE IN GOOD CONDITION. ****all showings/entry requires listing agent accompaniment, as one floor has unstable subfloor. ENTRY IS AT YOUR OWN RISK, AND CAUTION MUST BE USED WHEN GOING THROUGH THE HOUSE, AS ONE ROOM HAS UNSTABLE SUBFLOOR, ETC.**** Click here to learn more about this listing.

  • MLS ID# 1000225298
  • Year Built: n/a
  • 8 Days on site
  • Raw Land
  • Beds: n/a
  • Baths: n/a

Listing Details

Den
No
Lot Size
Approximately 70000 square feet
Tax Amount
$5,046

Local Info

Population
39,874
Median Household Income
$105,321
Median Years In Residence
8
Median Homeowner Age
35
Households with Children
50.33%
Percent of Homes Rented
13.45%

Nearby Elementary Schools

532 E Main St
200 W Main St
200 E 3rd Ave

Nearby Middle Schools

833 S Lewis Rd
100 Kagey Rd
616 S Trappe Rd

Nearby High Schools

181 Rittenhouse Rd
616 S Trappe Rd
350 S Lewis Rd

Nearby Other Schools

400 S Lewis Rd
100 School Ln

These are the closest schools to your requested location. Proximity does not guarantee enrollment eligibility. Please consult your real estate agent or school district to confirm the schools you are zoned to attend.

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Samantha Wilson

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