700 Linden AveYork, PA 17404

Property Details for 700 Linden Ave

Year built

1892

Lot size

2.17 AC

Property size (Sq ft)

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.

Location Insight

City

York

County

York

State

Pennsylvania

Latitude

39.9596

Longitude

-76.7477

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].