Manor School Apartments | 745 Manor St
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Manor School Apartments 745 Manor St
14 Unit Block of Flats £1,496,630 (£106,902/Unit) 8.33% Net Initial Yield 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 | £1,496,630 | Apartment Style | Low Rise |
| Price Per Unit | £106,902 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.66 AC |
| Net Initial Yield | 8.33% | Building Size | 10,912 SF |
| No. Units | 14 | Average Occupancy | 100% |
| Property Type | Residential | Number of Floors | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1895/1979 |
| Price | £1,496,630 |
| Price Per Unit | £106,902 |
| Sale Type | Investment |
| Net Initial Yield | 8.33% |
| No. Units | 14 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 1.66 AC |
| Building Size | 10,912 SF |
| Average Occupancy | 100% |
| Number of Floors | 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 | £466,397 |
| Land Assessment | £54,666 | Total Assessment | £521,064 |
PROPERTY TAXES
Parcel Number
110-40315-0-0000
Land Assessment
£54,666
Improvements Assessment
£466,397
Total Assessment
£521,064
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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