46-Unit Multifamily Investment

Highlights:

• 46-Unit garden-style multifamily investment with 100% occupancy & upside potential
• Country Estates Townhome Rentals comprises 11.38± acres in a low-density, park-like setting
• Ideally located near multiple retailers & major employers including Thiel College & UPMC Horizon Hospital
• Easily accessible from regional thoroughfares, I-79 & I-80
• Package comprises 20 impeccably maintained 2 & 3-unit buildings with an average year built of 1993 (1976-2007)
• 60% of roofs have been replaced within the past 10 years
• Unit mix includes mostly ranch-style 2 bedroom units with 1-2 baths & 1-2 car attached garage, in-unit washer/dryer hook-ups, fully applianced kitchens, central AC, patios/porches, semi-private yards & abundant off-street parking
• 50,690± SF rentable area plus an additional 16,767± SF garage area
• 1,102± SF average gross living area plus additional attached garage – Floor plans available
• Average in-place rents of $990 ($0.90/SF)
• Proforma market rents of $1,292 ($1.17/SF) & limited marketing offer upside potential
• Pricing guidance is $171,740/unit

Description:

Introducing a prime multifamily investment opportunity: Country Estates Townhome Rentals at 27 Quartermile Road in Greenville, PA, this 46-unit garden-style multifamily package on 11.38± acres boasts 100% occupancy, offering immediate income with upside potential. The package comprises 20 impeccably maintained 2 & 3-unit buildings, representing a blend of classic charm and modern amenities. Ideally located in the Country Estates neighborhood near multiple major employers including UPMC Horizon Hospital & Thiel College creating renter demand. Easily accessible from local thoroughfares, I-79 & I-80 and conveniently located within 2 miles of multiple retailers yet with abundant greenspace & a homeowner-like feel within the community.

One of the compelling features of the offering is the newer construction with highly functional, desirable layouts. The average year built is 1993 (1976-2007). 60% of the roofs have been replaced within the past 10 years. Unit mix includes mostly ranch-style 2 bedroom units with 1-2 baths & 1-2 car attached garage, in-unit washer/dryer hook-ups, fully applianced kitchens, central AC, patios/porches, semi-private yards & abundant off-street parking. 1,102± SF average gross living area plus additional attached garage. Floor plans available.

Upside potential lies in the opportunity for the investor to garner year-over-year rent increases with average in-place rents of $990 ($0.90/SF) and proforma market rents of $1,292 ($1.17/SF). Vacancies have been marketed by word-of-mouth and a waiting list, providing the investor the opportunity to debut the offerings to the market and garner higher rents with an increased marketing reach.

Pricing guidance on the opportunity is $171,740/unit.

Don't miss out on this attractive multifamily investment with a solid rental history and significant upside potential. This property presents a strong opportunity for the savvy multifamily investor seeking a well-maintained, fully occupied asset with immediate income potential and a promising future. Confidentiality agreement required for full details. Contact the listing broker, Sherry Bauer, to learn more.

Hadley Road (Route 358) just east of Williamson Road to Quartermile Road at Hayfield Road. Package includes parcels on Quartermile Road, Hayfield Road, Southridge Road, W. Windridge Road & Southpoint Lane.

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