Multifamily Housing - For Sale
103 Brora Drive Edinboro, PA 16412
Details & Description
Call for Pricing
  • Property Type Multifamily for Sale
  • Lot Size Acres 2.100
  • Building Sq Ft 7,500
  • Land Sq Ft 91,476
SVN | Three Rivers Commercial Advisors is pleased to present James Manor Apartments, a 173-unit portfolio located in Edinboro, PA.The portfolio is composed of 19 buildings located within a community that sits adjacent to the Edinboro University campus. Location allows management to market the assets as both student housing and residential housing. The buildings were constructed in 1972 and 7 out of the 19 properties had interior renovations completed in 2015. Most of the units have undergone life cycle renovations between 2007-2017.The 19 building portfolio includes an office building for management use, as well as community amenities such as a gym, laundry room, and 1 commercial tenant, Norman’s Deli & Pizzeria. The unit amenities vary by building, 8 of the buildings are available to lease fully furnished. Currently the occupancy is 93% for active units.Edinboro is an urban town with a “small college town” atmosphere, located approximately 30 minutes to Erie, PA and 1 hour 30 minutes to Pittsburgh. The four-year university is home to 4,832 students pursuing undergraduate and/or graduate degrees with over 100 degree programs offered.Ideal Location - The apartments are located directly across the road from Edinboro University.Recent Improvements - The buildings have been impeccably maintained by current ownership. There is currently no deferred maintenance that needs to be done.Tenant Mix - This asset has the flexibility to lease to both market rate and students.Value-Add Opportunity - The property currently has two buildings that are unoccupied. Opportunity to finish the units (mainly cosmetic) and lease to significantly increase Revenue.
Listing Agents
Keane George
SVN Three Rivers Commercial A
O: 412-535-5755
M: 724-699-4707
keane.george@svn.com
SVN Three Rivers
SVN Three Rivers
O: 412-535-8050
threeriversadmin@svn.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

103 Brora Drive

Edinboro, PA 16412

Listing ID: 207637
Call for Pricing
For Sale
  • Property Type Multifamily for Sale
  • Lot Size Acres 2.100
  • Building Sq Ft 7,500
  • Land Sq Ft 91,476
  • 103 Brora Drive Edinboro, PA 16412 | for Sale | Photo 1
  • 103 Brora Drive Edinboro, PA 16412 | for Sale | Photo 2
  • 103 Brora Drive Edinboro, PA 16412 | for Sale | Photo 3
103 Brora Drive | for Sale | Thumbnail 1
103 Brora Drive | for Sale | Thumbnail 2
103 Brora Drive | for Sale | Thumbnail 3
Description

SVN | Three Rivers Commercial Advisors is pleased to present James Manor Apartments, a 173-unit portfolio located in Edinboro, PA.

The portfolio is composed of 19 buildings located within a community that sits adjacent to the Edinboro University campus. Location allows management to market the assets as both student housing and residential housing. The buildings were constructed in 1972 and 7 out of the 19 properties had interior renovations completed in 2015. Most of the units have undergone life cycle renovations between 2007-2017.

The 19 building portfolio includes an office building for management use, as well as community amenities such as a gym, laundry room, and 1 commercial tenant, Norman’s Deli & Pizzeria. The unit amenities vary by building, 8 of the buildings are available to lease fully furnished. Currently the occupancy is 93% for active units.

Edinboro is an urban town with a “small college town” atmosphere, located approximately 30 minutes to Erie, PA and 1 hour 30 minutes to Pittsburgh. The four-year university is home to 4,832 students pursuing undergraduate and/or graduate degrees with over 100 degree programs offered.

Ideal Location - The apartments are located directly across the road from Edinboro University.

Recent Improvements - The buildings have been impeccably maintained by current ownership. There is currently no deferred maintenance that needs to be done.

Tenant Mix - This asset has the flexibility to lease to both market rate and students.

Value-Add Opportunity - The property currently has two buildings that are unoccupied. Opportunity to finish the units (mainly cosmetic) and lease to significantly increase Revenue.

Listing Demographics for 103 Brora Drive Edinboro, PA 16412

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population3,4269,19312,445
Population Median Age283638
Population by Age0-9 Yrs143 (4%)695 (7%)996 (8%)
10-19 Yrs1076 (31%)1736 (18%)2196 (17%)
20-29 Yrs1248 (36%)2191 (23%)2478 (19%)
30-39 Yrs277 (8%)978 (10%)1347 (10%)
40-49 Yrs225 (6%)815 (8%)1270 (10%)
50-59 Yrs133 (3%)942 (10%)1493 (11%)
60-69 Yrs167 (4%)1010 (10%)1504 (12%)
70+ Yrs159 (4%)826 (8%)1162 (9%)
Median HH Income$35,107$54,153$59,954
Total Household Income< 24K335 (36%)834 (24%)973 (20%)
25-49K232 (25%)783 (22%)1037 (21%)
50-74K81 (8%)444 (12%)756 (16%)
75-99K145 (15%)637 (18%)811 (17%)
100-199K113 (12%)591 (17%)931 (19%)
200K+19 (2%)136 (3%)214 (4%)
Highest Education LevelNo Diploma51174291
Diploma or GED2019851769
Some College1407441127
Assoc. Degree147568762
Bachelors Degree32517612339
Higher Degree19710141350
Total Housing Units1,0484,0975,542
--Owner-Occupied3101,9773,122
--Renter-Occupied6141,4481,600
Owner-Occupied Values< 100K10201382
100-199K22111061631
200-299K52446719
300-399K25175298
400-499K14776
500K+0116
Total Working Age Population3,0517,77510,444
In Work Force1,7144,9046,675
Not In Work Force1,3372,8713,768
Workforce Employed1,6244,6906,379
Workforce Unemployed90214296
Civlian Workforce1,7144,9046,675
Military Workforce000
Total Households9243,4254,722
Family Households3441,8332,758
Non-Family Households5801,5911,964
Married Couple2261,3702,128
Other Family117463630
Married w/Child120475687
Single Male w/Child42758
Single Female w/Child100347414

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Pennsylvania12,281,054+312,702,379+413,230,170+413,759,594
Crawford County90,366-288,765-188,201088,156
Erie County280,8430280,566+5294,425+4305,877

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Listing Location & Map Views
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401 North Washington Street, Butler, PA $196,000 3646 0.3
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1587 Mallard Drive, Mayfield Heights, OH $6,250,000 114580 -
17800 Euclid Avenue, Cleveland, OH $490,000 21877 0.54
Closest Commercial Airports
Airport Distance (mi)
Erie International Tom Ridge Field (ERI) 15
Cleveland Hopkins International Airport (CLE) 95
Pittsburgh International Airport (PIT) 95
Listing Agent
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