Harbor Stone Advisors is pleased to present the unique opportunity to acquire Manchester Towns, a rental townhome community located in Manchester, MD. The property is located close to Main Street in Manchester.
Manchester Towns features 22 2 Br-1 Ba townhomes. Current ownership has renovated 6 units. Renovated units feature stainless steel appliances, laminate counters, HVAC, and LVT/Tile/carpet flooring. Classic units consist of white/black appliances, laminate counters, forced heat / window AC, and tile / carpet flooring throughout the townhomes. The property also has a parking lot in front and rear of the property.
The opportunity exists for a new owner to organically increase rents or continue renovating units, as other units within the property are achieving $235/mo more. A new owner can also explore finding more voucher tenants, as those tenants are paying higher rents than market tenants on average. There is also an ability to add washers/dryers to the units.