27 Quartermile Road
- 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
Property 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.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| No. of Units: | 46 |
| Year Built: | 1993 |
| Lot Size: | 11.38 Acres |
| Opportunity Zone: | No |
| Property Website | Click Here |
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