238-242 N George St - Apartments FOR SALE


York, PA 17401
$3,295,000 USD
717-731-1990
238-242 N George St, York, PA for Sale
$3,295,000 USD
Apartments - FOR SALE
1/3
null | 6.95% Cap Rate

238-242 N George St
York, PA 17401


OVERVIEW

Landmark Commercial Realty is proud to present Pullman Apartments – an elevator-served, Class A mixed-use complex in Downtown York, PA. The property offers 20 one-bedroom units above first floor professional office with 20 off-street parking spaces leased until 12/31/2029. The office suite is leased to Leadership York with 5 years remaining on the base term. The apartments are fully occupied with the seller leasing back 12 units (60%) for short-term rental use for 24 months post-close at $1,500/mo. The average rental rate for the balance of the complex is approximately $1,000 per month where market is roughly $1,250 for similar units – indicating significant room-to-run on organic rent growth.

FOR SALE DETAILS

PRICE

$3,295,000 USD

PRICE/SF

$183 USD /SF

# OF UNITS

21

PRICE/UNIT

$156,905

CAP RATE

6.95%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pullman Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1910

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,140 SF

ZONING

CM

APN/PARCEL ID

03-042-01-0014-00-00000

ASK ABOUT THIS PROPERTY

Mike Rohm CCIM, MAILandmark Commercial RealtyMore Info
717-731-1990

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Mike Rohm CCIM, MAILandmark Commercial RealtyMore Info
717-731-1990

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.