$1,700,000
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Millville Road Bloomsburg, PA 17815
Other
Residence
45
Beds
20
Baths
13,560
Sq. Ft.
0.79
Acre
Lot
Property Activity
Time on Site
days
Days on Market
Views
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Introducing a rare investment opportunity in Bloomsburg. This well-maintained 20-unit apartment complex boasts a remarkable 95% annual occupancy rate, offering a stable and lucrative addition to any portfolio. Currently fully occupied with most leases continuing through 2025. All units are metered s...eparately, with tenants responsible for their own electric, heat, and water, minimizing owner expenses. Part of the complex is equipped with high-speed internet access, ensuring modern connectivity for all residents as well as the ability for the owner to have on-site security cameras. Each unit includes a parking space, a valued amenity in this area. The current owner utilizes an online platform for seamless payment processing and maintenance requests, adding to the property's efficiency. There's also untapped potential to further increase income by converting five studio units into fully furnished and remodeled spaces, perfect for short or mid-term rentals. This strategy has already proven successful, with one studio generating $1,200 monthly. There's also the option to add shared laundry facilities, enhancing tenant satisfaction and boosting revenue.
Moreover, the existing property manager is willing to stay on for an additional three months at $1000/month, ensuring a smooth transition for the new owner.
Property is currently occupied by long and mid-term residential tenants (not students) but does have dual zoning in the High-Density District and can be rented to either residential or student tenants.
Whether you're looking to expand your real estate holdings or secure a solid income-producing property with growth potential, this complex offers an excellent opportunity in Bloomsburg. Close proximity to many of the area's local employers: Bloomsburg University, Geisinger, Talen, new Amazon data center, plus close to multiple walking/biking trails. Don't miss out on this prime investment! ***One of the selling partners is a PA licensed real estate agent***
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MLS#
20-98110
Property Type
Other
Bedrooms
45
Bathrooms
20 Full
Year Built
1973
Square Feet
13,560
sq. ft
Lot Size
0.79
Sewer
Public Sewer
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