Timbercrest Apartments & Townhomes

10795 Timbercrest Drive, Meadville, PA 16335

  • For Sale $8,000,000
  • Property Type Multi-Family
  • Property Size 82,278 SF
  • Units 102
  • Lot Size 25.37 Acre
  • Additional Rent Contact for pricing
  • Parking Spaces Avail. 125
  • Parking Ratio 1.50 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Year Built 1978
  • Date Updated Nov 14, 2024
I-79 To Exit 147B, US-19/PA 98 Retail Corridor To Mullen RoadTimbercrest Apartments & Townhomes, 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 community 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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Attachments

Highlights

  • 102 Unit Multi-Family Investment Property
  • Own Timbercrest Apartments & Townhomes
  • Situated On 3 Parcels Totaling 25± Acres
  • Upside Potential With Expansion – Original Ownership Plans To Build Additional 144 Units
  • 48 One Bedroom/1 Bath & 48 Two Bedroom/1.5 Bath Apartments
  • Four 2 Bedroom/1.5 Bath & Two 3 Bedroom/1.5 Bath Townhouses
  • Layouts For Each Unit Type Available
  • 86.1% Occupancy Rate
  • $819,242 Pro Forma NOI
  • Offered At 10.2% Pro Forma Cap Rate
  • Confidentiality Agreement Required For Detailed Information

Contacts

broker

Sherry Bauer

SBRE - Sherry Bauer Real Estate

Location

Getting Around

  • Walk Score ®

    10/100 Car-Dependent

  • Bike Score ®

    33/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Meadville, PA
  • Zip Code 16335

Points of Interest

  • Kwik Fill

    0.46 miles

  • Sheetz

    0.74 miles

  • Citgo

    1.26 miles

  • GetGo

    1.54 miles

  • South Park Plaza

    1.79 miles

  • Shell

    2.69 miles

  • Country Fair

    3.07 miles

  • Robert W Smith Parking Lot

    2.76 miles

  • Keystone View

    2.82 miles

  • 213 - P4

    3.04 miles

  • Hampton Inn Meadville

    0.72 miles

  • Quality Inn

    0.78 miles

  • Econo Lodge

    1.15 miles

  • Holiday Inn Express Meadville

    1.36 miles

  • 357 Willow St

    2.59 miles

  • Meade Inn

    3.27 miles

  • Hotel Conneaut

    6.25 miles

  • Valenza

    0.46 miles

  • Fat Eddy's Bar-BQ

    0.51 miles

  • Burger King

    0.65 miles

  • Red Lobster

    0.70 miles

  • McDonald's

    0.71 miles

  • Subway

    0.71 miles

  • Kings Family Restaurant

    0.78 miles

  • Compadres Mexican Restaurant

    0.79 miles

  • Eddie’s Footlong Hotdogs

    0.88 miles

  • Yuen's Garden

    1.05 miles

  • Kreiter School

    0.92 miles

  • Laurel Technical Institute

    1.60 miles

  • Huller School

    2.00 miles

  • Valor Personal Defense Systems Combat Academy

    2.44 miles

  • Second District Elementary School

    2.47 miles

  • Trace School

    2.55 miles

  • Neason Hill Elementary School

    2.97 miles

  • Third District School

    3.03 miles

  • First District Elementary School

    3.19 miles

  • East End Elementary School

    3.36 miles

Frequently Asked Questions

How much does Timbercrest Apartments & Townhomes cost?

The space currently listed for sale at Timbercrest Apartments & Townhomes asks for $8,000,000.

What is the total square footage of Timbercrest Apartments & Townhomes?

Timbercrest Apartments & Townhomes totals 82,278 square feet.

When was this property built?

Timbercrest Apartments & Townhomes was built in 1978.

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Contact Listing Broker

broker

Sherry Bauer

SBRE - Sherry Bauer Real Estate