MLS® ID: 1002037602

193 W 7TH AVE

Collegeville, Pennsylvania, 19426

$199,900 Active
  • 6 Beds
  • 3 Baths
  • 2950 SQFT
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.
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Listing courtesy of ERA Continental Realty

Amenities

  • Zip
    19426
  • Office name
    ERA Continental Realty
  • Subdivision
    None Available
  • SQFT
    2950
  • Bedrooms
    6
  • Full baths
    3
  • Half baths
    0
  • Property type
    Single Family
  • School district
    PERKIOMEN VALLEY
  • Year built
    1850
  • Lot size
    1.61
  • Tax year
    2018
  • Office ID
    CONTIN
  • Agent ID
    149196
  • Agent name
    Nina M Hamaday
  • Tax amount
    $ 5167.0
  • Purchase Type
    Active
  • Price Range
    $100k-$200k
  • Square Feet Range
    2500-3000 sq ft.
  • Bedrooms Range
    4+ Beds
  • Full Baths Range
    3 Baths
  • Acreage Range
    1 - 1.9 acres
  • Year Built Range
    1989 (and earlier)

Location

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