Manor School Apartments | 745 Manor St
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Manor School Apartments 745 Manor St
14 Unit Apartment Building $2,701,800 CAD ($192,986 CAD/Unit) 8.33% Cap Rate Columbia, PA 17512
Executive Summary
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.
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 Facts
| Price | $2,701,800 CAD | Apartment Style | Low Rise |
| Price Per Unit | $192,986 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 1.66 AC |
| Cap Rate | 8.33% | Building Size | 10,912 SF |
| No. Units | 14 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1895/1979 |
| Price | $2,701,800 CAD |
| Price Per Unit | $192,986 CAD |
| Sale Type | Investment |
| Cap Rate | 8.33% |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 1.66 AC |
| Building Size | 10,912 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1895/1979 |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
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PROPERTY TAXES
| Parcel Number | 110-40315-0-0000 | Improvements Assessment | $834,227 CAD |
| Land Assessment | $97,780 CAD | Total Assessment | $932,007 CAD |
PROPERTY TAXES
Parcel Number
110-40315-0-0000
Land Assessment
$97,780 CAD
Improvements Assessment
$834,227 CAD
Total Assessment
$932,007 CAD
zoning
| Zoning Code | HDRM (High Density Residential-Multifamily District) |
| HDRM (High Density Residential-Multifamily District) |
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Manor School Apartments | 745 Manor St
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