318 Chestnut St, Collegeville, PA 19426

Property Description

Opportunity for owner-occupant or investor to restore and personalize this property in a desirable Collegeville location. The home offers a functional layout with solid bones and strong upside potential, but requires updating and repairs throughout. Interior reflects deferred maintenance with dated kitchen and bath areas, worn finishes, and needed cosmetic and mechanical improvements. Exterior is serviceable with room for improvement through cleanup and routine maintenance. Sold as-is, this property is well-suited for buyers looking to build equity or investors seeking a value-add project. Ideally positioned just minutes from Collegeville’s vibrant Main Street, with convenient access to shopping, dining, and local amenities, enhancing both lifestyle appeal and long-term value. This is a Department of Housing and Urban Development (HUD) property (Case# 441-476024). This property is being sold as-is, with no guarantees or warranties provided. Utilities may be turned off, so please exercise caution when viewing the property. Daylight showings are recommended. All property details, including lead base paint disclosure, the Property Condition Report (PCR), the sale contract, and the sale process, are available on HUDHomestore. Buyers are responsible for any costs associated with activating utilities for inspections, if permitted. If the plumbing system fails the pressure test, water cannot be activated for inspections. Additionally, any required Use & Occupancy (U&O) inspections are the buyer’s responsibility and expense. For financing and closing, FHA and conventional loans must close within 45 days, FHA 203(k) financing within 60 days, and cash offers within 30 days. The buyer is responsible for all closing costs, including transfer tax. The property is considered to be FHA Insurable with Escrow (IE, subject to appraisal). The final escrow amount is subject to lender determination. This is an Equal Housing Opportunity property.