Courthouse Commons | 50 N Duke St
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Courthouse Commons 50 N Duke St
17 Unit Apartment Building $4,000,000 ($235,294/Unit) 7.10% Cap Rate York, PA 17401
Investment Highlights
- This property utilizes an electronic entry system to building and individual units with security cameras throughout
- Each unit comes with a stacked washer & dryer
- Basement storage lockers for each tenant plus large maintenance room
- Property features also include brand new HVAC, roof, plumbing, electric, sprinkler system, appliances
- LED bathroom mirrors with anti-fog are a nice touch in each unit
Executive Summary
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 Facts
Price | $4,000,000 | Apartment Style | Mid Rise |
Price Per Unit | $235,294 | Building Class | A |
Sale Type | Investment | Lot Size | 0.36 AC |
Cap Rate | 7.10% | Building Size | 26,232 SF |
No. Units | 17 | No. Stories | 4 |
Property Type | Multifamily | Year Built/Renovated | 1900/2022 |
Property Subtype | Apartment | Parking Ratio | 0.34/1,000 SF |
Price | $4,000,000 |
Price Per Unit | $235,294 |
Sale Type | Investment |
Cap Rate | 7.10% |
No. Units | 17 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Mid Rise |
Building Class | A |
Lot Size | 0.36 AC |
Building Size | 26,232 SF |
No. Stories | 4 |
Year Built/Renovated | 1900/2022 |
Parking Ratio | 0.34/1,000 SF |
Unit Amenities
- Air Conditioning
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Sprinkler System
- Stainless Steel Appliances
- Tub/Shower
Site Amenities
- Elevator
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
2+2 | 15 | - | - |
1+1 | 2 | - | - |
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Walk Score ®
Walker's Paradise (90)
Bike Score ®
Very Bikeable (88)
PROPERTY TAXES
Parcel Number | 02-021-01-0033.00-00000 | Improvements Assessment | $1,057,970 |
Land Assessment | $91,870 | Total Assessment | $1,149,840 |
PROPERTY TAXES
Parcel Number
02-021-01-0033.00-00000
Land Assessment
$91,870
Improvements Assessment
$1,057,970
Total Assessment
$1,149,840
zoning
Zoning Code | CBD (Central Business District) |
CBD (Central Business District) |
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Courthouse Commons | 50 N Duke St
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