Manor School Apartments

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Manor School Apartments

745 Manor St, Columbia, PA 17512

For Sale

1.66 Acres

Manor School Apartments

745 Manor St, Columbia, PA 17512

For Sale

± 0 AC

Property Details

Total Lot Size:

1.66 Acres

Property Type:

Multi Family

Price:

$1,900,000

Number of Units:

14

Year Built:

1895

Utilities:

City Sewer, City Water

Property Features

Project Description

Bennett Williams, as exclusive advisor, is pleased to present a unique opportunity to acquire the historic Manor School Apartments ("The Property"), a workforce housing apartment community located in Columbia, Pennsylvania. Built in 1895, the Property consists of 14 units with an opportunity to build an additional 36-60 new apartments. The property is located near downtown Columbia which is known for its rich history and has become one of the most popular antique shopping districts in PA. The site is located right off Route 30 and 15 mins from York and Lancaster, PA.

The Property offers an outstanding value-enhancement opportunity to upgrade unit interiors and significantly increase rents. The market rent indicates that these basic in-unit improvements can generate projected monthly premiums of $300-$550 per month in most of the current units. Even then, rents will be extremely competitive to comparable assets nearby. he property has a mix of 1,2, and 3 bedroom units, large parking area, and onsite laundry.

Property Location:

AVAILABLE SPACE: 0 AC

745 Manor St, Columbia PA 17512

745 Manor St, Columbia PA 17512

Offering Memorandum

Brokers

Senior Sales & Leasing Associate, Retail
717.843.5555 x231

717.891.0836

akhan@bennettwilliams.com

Executive VP, Retail Director
717.843.5555

717.891.7368

brohrbaugh@bennettwilliams.com

President & CEO
717.843.5555

717.968.7505

cstine@bennettwilliams.com

More Info

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