Property History
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.
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.
Loan History
Financial History
Tax History
Contact Information
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Comparable Properties
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