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196 Stone House Ln 196 Stone House Ln 12 Unit Apartment Building $2,375,000 ($197,917/Unit) Columbia, PA 17512
Executive Summary
Hard to find and well-maintained 12 unit apartment complex is situated on a generous 2.9-acre lot. Constructed with vinyl siding and brick, this property boasts a solid foundation and is in very good condition, ensuring minimal immediate maintenance costs for investors. Some updates include new roofs and siding in 2019 and exterior doors and 84 windows replaced in 2023. The interior features a blend of carpet and ceramic tile flooring, providing for comfortable residential units. Each has a private entrance, all appliances and laundry. Each unit also has access to their own private storage unit and assigned private parking. Accessibility is a key advantage, enhancing the property's appeal to potential tenants. This property is strategically positioned to capitalize on local market demand, making it an ideal choice for investors seeking to generate consistent rental income. The current owner covers essential expenses such as trash, water, sewer, real estate taxes, and insurance, streamlining operational management. With no association fees or restrictive amenities. The low overhead costs and well managed property positions it as a lucrative addition to any investment portfolio. Seize this opportunity to invest now.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts Under Contract
| Price | $2,375,000 | Building Class | C |
| Price Per Unit | $197,917 | Lot Size | 2.90 AC |
| Sale Type | Investment | Building Size | 9,040 SF |
| No. Units | 12 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1989 |
| Apartment Style | Low-Rise | ||
| Zoning | R-3 | ||
| Price | $2,375,000 |
| Price Per Unit | $197,917 |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 2.90 AC |
| Building Size | 9,040 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1989 |
| Zoning | R-3 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 12 | - | 728 |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 300-78530-0-0000 | Improvements Assessment | $352,500 |
| Land Assessment | $124,200 | Total Assessment | $476,700 |
Property Taxes
Parcel Number
300-78530-0-0000
Land Assessment
$124,200
Improvements Assessment
$352,500
Total Assessment
$476,700
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