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201-207 MILLVILLE Road, Bloomsburg, PA 17815

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For Sale
Sale Pending

$1,700,000

45 beds • 20 baths • 13,560 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family Home
    Property type

  • 1973
    Year built

  • $125.37
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

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 separately, 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!
MLS# 20-98110

Listed By CENTURY 21 Covered Bridges Realty, Inc.

Property Features

  • Age
    Over 50 Years Old
  • Appliances
    Dishwasher, Dryer, Range / Oven, Refrigerator, Washer
  • Cooling
    A/C
  • Exterior Description
    Vinyl Siding
  • Heating - Fuel Type
    Electric
  • Heating Type
    Baseboard
  • Lot Size
    1/2 - 1 Acre, 0.79 Acres
  • Roof
    Asphalt Shingle Roof
  • Sewer
    Public
  • Style
    Multi Level
  • Water
    City Water

Map and Directions

Directions to 201-207 MILLVILLE Road, Bloomsburg, PA 17815

Home seller Meet the Agent,
Samantha Capita

Get to know the neighborhood. A local affiliated CENTURY 21 agent will help you set up tours, give advice, and negotiate with sellers.

Samantha Capita

of CENTURY 21 Covered Bridges Realty, Inc.

License: RS343566
(570) 764-7355
Learn More About Me

Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $0
  • Property Taxes
    $0
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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Data powered by Attom Data Solutions. Copyright© 2024. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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