201-207 MILLVILLE Road, Bloomsburg, PA 17815 (MLS# 20-98110)


$1,535,000
201-207 MILLVILLE Road
Bloomsburg, PA 17815
MLS# 20-98110
Status: Closed
45 beds  |  20 baths  |  13560 sqft


2 buildings - 20 units total
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2 buildings - 20 units total Roof ~10 years old 12 units 8 units Entry Kitchen Living room Bedroom 1 Full bath Living room 2 Kitchen 2 towards entry Bedroom 2 Bedroom 3 Bedroom 4 207 - unit 8 207 - unit 8 207 - unit 8 207 - unit 8 207 - unit 8 207 - unit 8 207 - unit 8 207 - studio 4 207 - studio 4 Converted to mid-term Full bath $1200/month fully furnished and all-inclusive 207 - studio 5 3 BR, 1 BA w/d included Updated kitchen Living room Bedroom 1 Bedroom 2 (3rd BR being used for storage) Full bath 3 BR 1 BA 207 unit B 207 unit B 207 unit B Full bath 201 building - side 201 - back Recently replaced/repaired back deck 207 rear 207 rear 2 201 Aerial 207 Aerial Invest in the beautiful Bloomsburg area

Property Description
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.

Details
Maps
Documents
Contract Information
Current Price: $1,535,000
Book Section: Multi-Family
Begin Date: 2024-08-27
Status: Closed
Sold Price: $1,535,000
Assessed Valuation: 135760
General Property Description
Style: Apartment Building
Total SqFt.: 13560
SqFt. 1: 6780
SqFt. 2: 6780
Apx Above Grade Finished SqFt: 13560
Year Built: 1973
Actual/Est YearBuilt: Estimated
Realtor.COM Type: Multi-Family
Lot Size: .79
Lot Acres: 0.79
Number of Units: 20
Total Bedrooms: 45
Baths - Total Full: 20
Total Bathrooms: 20
Garage Stall: See Remarks
Garage Type: Off Street Parking
Remarks
Directions: From Bloomsburg to Buckhorn, units are on right immediately outside of Bloomsburg.
Details
Sign: No
Seller Finance: Yes
Exclusions: Tenant possessions
# of Units: 20
Major Appliances
Ranges: 20
Refrigerators: 20
Dishwashers: 6
Washers: 2
Dryers: 2
Electric Meters: 23
A/C Units: 8
Water Heaters: 20
Income and Expenses
Gross Oper Income: 221000
Electricity: 1200
Water/Sewer: 7972
Maintenance: 18270
Taxes: 11160
Insurance: 11823
Lawn/Snow: 2700
Garbage: 2225
Other: 1440
Total Expenses: 56790
Net Oper Income: 164210
Unit 1
Laundry Hookups: Yes
Heat Pd By: Tenant
Water Pd By: Tenant
Sold Information
Under Contract Date: 2024-11-08
Sold Date: 2025-02-28
Sold Price: $1,535,000
Location Tax and Other Information
Area: Bloomsburg
House Number: 201-207
Street Name: MILLVILLE
Street Suffix: Road
County: Columbia
State/Province: PA
Postal Code: 17815
Municipality: Bloomsburg
Zoning: RU
Subdivision: 0-None
PIN Number: 05E06 01800 & 05E06 01700
Property Features
Construction: Frame; Masonry
Exterior Finish: Vinyl; See Remarks
Amenities: Paved Streets; Street Lights
Green Energy Generation: None
Documents: Deed; Tax Card
Supplements
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***

Listing Office: CENTURY 21 COVERED BRIDGES REALTY
Listing Agent: SAMANTHA THOMAS CAPITA

Last Updated: March - 02 - 2025

DISCLAIMER NOTICE: The information above is provided exclusively for the use of Members of the Central Susquehanna Valley MLS ('CSVBR-MLS'). Buyers and all other individuals not members of the CSVBR-MLS ('all non-MLS members') are NOT AUTHORIZED TO UTILIZE THIS INFORMATION AND HAVE NO RIGHT TO RELY ON IT. All non-MLS members must independently verify all information important to them and agree to hold all members of the CSVBR-MLS harmless from all liability for the accuracy of this information if they fail to independently verify that information. Antitrust Compliance Notice. See Notice.