50 N Duke St - Apartments FOR SALE


York, PA 17401
$4,000,000 USD
717-731-1990
50 N Duke St, York, PA for Sale
$4,000,000 USD
Apartments - FOR SALE
1/2
null | 7.1% Cap Rate

50 N Duke St
York, PA 17401


HIGHLIGHTS

  • This property utilizes an electronic entry system to building and individual units with security cameras throughout
  • Property features also include brand new HVAC, roof, plumbing, electric, sprinkler system, appliances
  • Each unit comes with a stacked washer & dryer
  • LED bathroom mirrors with anti-fog are a nice touch in each unit
  • Basement storage lockers for each tenant plus large maintenance room

OVERVIEW

Landmark Commercial Realty is proud to present Courthouse Commons – an elevator-served, Class A mixed-use complex in Downtown York, PA. The property offers 17 one- and two-bedroom units above first floor professional office. The professional office is leased on NNN basis with more than 8 years remaining on the base term and the apartments are fully leased with an average rental rate of $1,600 per month. There are 2 one-bedroom units, 14 two-bedroom units, and a three-bedroom penthouse. In 2022, when the upper 3 floors were converted from office to apartment, the project was thoughtfully designed to preserve historical features while incorporating modern amenities. Top to bottom renovations include brand new HVAC, roof, plumbing, electric, sprinkler system, stainless steel appliances, granite counter tops, electronic entry system to building and individual units with security cameras throughout, stacked washer and dryer in each unit, LED bathroom mirrors with anti-fog, and basement storage lockers for each tenant plus a large, on-site maintenance room. No expense was spared in making this property the pinnacle of adaptive reuse projects in York.

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$152 USD /SF

# OF UNITS

17

PRICE/UNIT

$235,294

CAP RATE

7.1%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Courthouse Commons

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1900

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,846 SF

ZONING

CBD

APN/PARCEL ID

02-021-01-0033.00-00000

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.