700 Linden Ave York, PA 17404
- Apartment buildings
- 100,000 SF
- 2.17 lot acres
Current Use by Public Records
- Linden Lofts / Apartment Building
Property Details for 700 Linden Ave
- Year built
- 1892
- Lot size
- 2.17 lot acres
- Property size
- 100,000 SF
- Property type
- Apartment buildings
Description
This exceptional Class A apartment complex, Linden Lofts, presents a compelling investment opportunity. Located at 700 Linden Ave, York, PA 17404, this historic property, listed on the PA Inventory of Historic Places and the National Registry of Historic Places, boasts 74 units across three buildings, totaling 100,000 square feet. The 86,024 net rentable square feet are currently 100% occupied, with a waiting list. The unit mix includes 16 one-bedroom, 47 two-bedroom, 2 three-bedroom, and 9 two-story loft-style apartments. Amenities include a roof terrace, fitness center, private courtyards, picnic areas, a pet play area, controlled entry, and storage. Parking is available for an additional monthly fee, with 111 spaces total (21 garage). The property sits on 2.17 acres and features a four-story building with significant renovations in 1932, 2014, and 2022. Its prime location offers walkability and bikeability, with proximity to the York Fairgrounds, York College, Wellspan York Hospital, and numerous shops and restaurants. The property's strong financial performance is highlighted by a current NOI of $727,577 and a pro-forma NOI of $918,043, resulting in a 6.25% cap rate and a pro-forma cap rate of 7.88%. The asking price is $11,650,000, or $157,432 per unit. Detailed financial information is available upon request.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- York
- County
- York
- State
- Pennsylvania
- Longitude
- -76.7477
- Latitude
- 39.9596
