10795 Timber Crest Dr Meadville, PA 16335

This exceptional multifamily investment opportunity presents Timbercrest Apartments & Townhomes, a 102-unit complex situated on approximately 25 acres in Meadville, Pennsylvania. The property comprises six buildings totaling 82,278 square feet, featuring a mix of 48 one-bedroom/one-bathroom and 48 two-bedroom/1.5-bathroom apartments, along with six townhouses (four two-bedroom/1.5-bathroom and two three-bedroom/1.5-bathroom units). All units include central air conditioning and appliances (range, refrigerator, dishwasher). Tenants are responsible for all utilities. Shared laundry facilities are conveniently located within each building. Currently boasting an 86.1% occupancy rate, the property generates a pro forma NOI of $819,242, representing a 10.2% pro forma capitalization rate. The asking price is $8,000,000, translating to $78,431.37 per unit. The property is zoned R-S and offers significant upside potential with ample land for expansion