814-460-2000
27 Quartermile Rd, Greenville, PA for Sale
Multi-Family - FOR SALE
1/29
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27 Quartermile Rd
Greenville, PA 16125


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
  • Near I-79, I-80, multiple retailers & major employers including Thiel College & UPMC Horizon Hospital
  • 50,690± SF rentable area plus an additional 16,767± SF garage area - 1,102± SF 1,102± SF average gross living area plus additional attached garage
  • 20 Impeccably maintained 2 & 3-unit buildings comprised of 2 bedroom townhomes with 1-2 baths & 1-2 car attached garages
  • In-unit washer/dryer hook-ups, fully applianced kitchens, central AC, patios/porches, semi-private yards & abundant off-street parking

OVERVIEW

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.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

46

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1993

PARKING SPACES

54

LAND DETAILS

LAND ACRES

11.38 AC

LAND SF

495,713 SF

ZONING

R3 & B

APN/PARCEL ID

09 044 002 001 169,09 044 002 001 170,09 044 002 001 171,09 044 002 001 172,09 044 002 091,09 044 002 092,09 044 002 093,09 044 002 094,09 044 002 095,09 044 002 096,09 044 002 122 001,09 044 002 122 002,09 044 002 122 003,09 044 002 130 001,09 044 002 176,09 044 002 177

ASK ABOUT THIS PROPERTY

Sherry BauerSBRE - Sherry Bauer Real Estate ServicesMore Info
814-460-2000

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Sherry BauerSBRE - Sherry Bauer Real Estate ServicesMore Info
814-460-2000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.