Courthouse Commons
17 Unit Apartment Building | $4,000,000 ($235,294/Unit) | 7.10% Cap Rate | York, PA 17401
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $4,000,000
- Property Type
-
Multifamily
- Square Feet
- 26,232 SF
Listing Contacts
Mike Rohm CCIM, MAI
Verified Profile
Kevin Agnew
Verified Profile
- Property Info
Property 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.
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.
Property Details
- Class
- A
- Year Built/Renovated
- 1900/2022
- Stories
- 4
- Lot Size (sq. ft)
- 15,682 SF
- Units
- 17
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
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