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

201-207 MILLVILLE Road, Bloomsburg, PA 17815

$1,535,000
Property Type: Multi-Units Bedrooms: 45 Baths: 20 Square Footage: 13,560 Lot Size (sq. ft.): 34,412 Status: Closed
Current Price: $1,535,000 List Date: 10/21/2024 Last Modified: 3/02/2025

Overview

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.

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 a ...

Listing Details MLS# 20-98110

Contract Information

Book Section
Multi-Family
Begin Date
2024-08-27
Assessed Valuation
135760

Sold Information

Under Contract Date
2024-11-08
Sold Date
2025-02-28

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 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
Apx Below Grade Finished SqFt
0
SqFt. B
0
SqFt. 3
0
Basement
See Remarks
1st Floor Bedrooms
0
Baths - Total 3/4
0
Baths - Total Half
0

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

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

More Information

Major Appliances

Ranges
20
Refrigerators
20
Dishwashers
6
Washers
2
Dryers
2
Electric Meters
23
A/C Units
8
Water Heaters
20
Furnaces
0

Unit 1

Laundry Hookups
Yes
Heat Pd By
Tenant
Water Pd By
Tenant

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

Location, Tax and Other Information

Area By County
Columbia County
DB Page
20220-3480
Elevation Cert
No
SpecialFloodHazArea
No
School District
Bloomsburg
Taxes
11159.74
Tax Year Addl Info
2024

Documents

Deed
Yes
Tax Card
Yes

Amenities

Paved Streets
Yes
Street Lights
Yes

Construction

Frame
Yes
Masonry
Yes

Basement/Foundation

Outside Entrance
Yes
Unfinished
Yes
None
Yes
See Remarks
Yes

Exterior Finish

Vinyl
Yes
See Remarks
Yes

Services/Utilities

Road Type
Public
Water
Public
Sewer
Public
Total Parking Spaces
42
Heating
Electric Baseboard

Roof Type/Year

Roof Year
Approx 2014
Shingle
Yes

Green Energy Generation

None
Yes

Property Features

Construction: Frame; Masonry Exterior Finish: Vinyl; See Remarks Amenities: Paved Streets; Street Lights Green Energy Generation: None Documents: Deed; Tax Card
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.