745 Manor St Columbia, PA 17512

Exceptional investment opportunity in Columbia, Pennsylvania's historic district. This 14-unit apartment building, constructed in 1895, boasts 100% occupancy and a strong NOI of $158,293, yielding an 8.33% cap rate at an asking price of $1,900,000. The property sits on a 1.66-acre lot and offers a compelling mix of one, two, and three-bedroom units, complemented by ample on-site parking and laundry facilities. Its prime location near downtown Columbia, a renowned antique shopping destination, provides easy access to Route 30 and is within a 15-minute drive of both York and Lancaster, Pennsylvania. This multifamily property presents a significant value-add potential. The current market suggests that modest interior upgrades could increase monthly rents by $300-$550 per unit, maintaining competitive pricing within the local market. Furthermore, the substantial lot size presents a unique opportunity for future development, with the potential to add 36-60 additional apartment units. This property is an ideal acquisition for investors seeking a strong cash flow, value-enhancement potential, and future development upside in a desirable Pennsylvania location.