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York Hills Apartments Changes Hands for $8.6M

YORK, PA-York Hills Associates buys the 198-unit, class-B, three-story

By Marita Thomas | Updated on August 18, 2003

YORK, PA-York Hills Limited Partnership has sold York Hills Apartments, a 198-unit, class-B multifamily complex here, to locally based York Hills Associates LP, an unrelated firm, for approximately $8.6 million, or an average of $43,434 per unit, including closing costs. The three-story, garden-style property was completed between 1969 and 1971.

The complex is located at 1927 Queenswood Rd. It consists of 66 one-bedroom and 132 two-bedroom units with balconies or patios. The property also has a swimming pool, playground and laundry facilities. The new owner expects to invest $475,000 in interior and exterior capital improvements.

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