$8,000,000
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10795 TIMBERCREST Drive Meadville, PA 16335
Multi-Family
Residence
158
Beds
108
Baths
...
Bed/Bath
82,278
Sq. Ft.
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Timbercrest Apartments & Townhouses, a pet-friendly 102 unit multi-family investment property situated on 25 wooded acres with expansion opportunities is now available for sale. Ideally situated near I-79 & Meadville’s major retail/service corridor with over 25 major retailers within 2 miles. The co...mmunity includes 48 one bedroom, 1 bathroom & 48 two bedroom, 1.5 bathroom apartments plus 4 two bedroom, 1.5 bath townhouses and 2 three bedroom, 1.5 bathroom townhouses. All units have central air and are equipped with a range, refrigerator, dishwasher and garbage with shared laundry facilities in each building. Tenants pay all utilities. 86.1% Occupancy rate. Upside potential with ample acreage and original ownership plans to build an additional 144 units. Offered at $8,000,000 ($78,413/Unit) with a $819,242 pro forma NOI – 10.2% cap rate. Confidentiality agreement required for detailed information.
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MLS#
180601
Property Type
Multi-Family
Bedrooms
158
Bathrooms
Year Built
1978
Square Feet
82,278
sq. ft
Lot Size
25.37
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