Manchester Towns
Opportunity to Acquire a 22 Unit Townhome Community in Carroll County
Deal Type: Acquisition
Risk Profiles: Value-Add
Property Types: Multifamily
3205-3223 & 3233-3255 Chesnut St. | Manchester, MD 21102
Opportunity to Acquire a 22 Unit Townhome Community in Carroll County
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.
Investment Highlights
Unique Opportunity to Acquire a Townhome Property
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Features 22 2 Br-1 Ba Townhomes
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Parking lot in front and rear of property.
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Renovated units feature stainless steel appliances, laminate counters, HVAC, and LVT/Tile/carpet flooring.
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Classic units consist of white/black appliances, laminate counters, forced heat / window AC, and tile / carpet flooring.
Ability to Substantially Increase Rents
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Opportunity exists for a new owner to organically increase rents at least $200/mo, based on comparable units within the property.
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A new owner can lease units to Section 8 and/or voucher tenants in order to generate higher rents and certainty of rental income.
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here is also an opportunity to further expand upon the interior scopes of all units by adding stainless steel appliances, updated cabinets, HVAC and modern hardware and fixtures to further generate rental premiums.
Excellent Location in Manchester Maryland
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Convenient access to Main Street in Manchester, MD
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Major area employers nearby: Carroll Hospital Center and Penguin Clearing House
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Short drive to Westminster and McDaniel College
Location Overview
Manchester Towns is located in Manchester, Maryland, in Carroll County. The town is roughly 30 miles northwest of Baltimore City and 30 miles southwest of York, PA. Known for its small-town charm, strong sense of community, and scenic countryside, Manchester offers an ideal balance of peaceful suburban living with convenient access to urban amenities. Major roadways such as Route 30 and I-83 directly connect to Baltimore, York, and other surrounding employment hubs.
Residents have easy access to retail and dining, including Manchester Shopping Center and nearby Westminster retail corridors. Popular retailers and restaurants in the area include Weis Markets an Walmart. Nearby Manchester Main Street, less than a half mile walk from the property, hosts several indepenedent businesses such as Dutch Corner Restuarant and Steeped Tea Cafe
The property is also near some of Carroll County’s top employers, such as Carroll County Public Schools, Carroll Hospital Center, and Penguin Random House, which collectively support thousands of jobs in the region. Outdoor recreation is abundant, with Christmas Tree Park and Cape Horn Park offering sports fields, walking trails, and family-friendly activities just minutes away.
With strong local schools, convenient retail, and easy access to major employment centers, Manchester Towns offers renters seeking a blend of suburban tranquility and urban accessibility.
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