385 LIGHTSTREET Road, Bloomsburg, PA 17815 (MLS# 20-100424)
385 LIGHTSTREET Road, Bloomsburg, PA 17815
$1,535,000













Property Type:
Multi-Units
Bedrooms:
24
Baths:
10
Square Footage:
5,584
Lot Size (sq. ft.):
12,632
Status:
Active
Current Price:
$1,535,000
List Date:
5/29/2025
Last Modified:
5/29/2025
Description
Incredible opportunity to own three fraternity/sorority houses just steps from campus! This unique portfolio features four updated units across three properties, offering a total of 24 bedrooms and 10 bathrooms. All units have been recently renovated, minimizing future maintenance and maximizing tenant appeal.
These properties are fully rented for the upcoming school year, with a projected gross income of over $167,000 and an impressive net income of approximately $147,000. A proven performer year after year, this location is in constant demand—Greek life remains strong, and the proximity to campus keeps these units easy to rent with little to no vacancy.
Whether you're expanding your portfolio or looking for a high-yield, low-hassle investment, these properties are true cash cows.
Supplements: With unbeatable location, solid rental history, and strong financials, this is a rare chance to secure prime real estate in a market that --never goes out of style. Call Mike 570-764-1200 or Samantha Capita today 570-764-7355 for your private tour, financials or additional pictures. Also being offered as part of a larger portfolio listed under 20-99628.
More Information MLS# 20-100424
Contract Information
Current Price: $1,535,000
Book Section: Multi-Family
Begin Date: 2025-03-06
Status: Active
List Price: $1,535,000
Assessed Valuation: 80477
General Property Description
Style: Apartment Building
Total SqFt.: 5584
SqFt. B: 2792
SqFt. 1: 2792
SqFt. 2: 2792
Apx Below Grade Finished SqFt: 1000
Apx Above Grade Finished SqFt: 2792
Year Built: 1900
Actual/Est YearBuilt: Estimated
Realtor.COM Type: Multi-Family
Lot Size: .29
Lot Acres: 0.29
Number of Units: 4
Total Bedrooms: 24
Baths - Total Full: 10
Total Bathrooms: 10
Garage Stall: None
Garage Type: Off Street Parking
Location Tax and Other Information
Area: Bloomsburg
House Number: 385
Street Name: LIGHTSTREET
Street Suffix: Road
County: Columbia
State/Province: PA
Postal Code: 17815
Municipality: Bloomsburg
Zoning: RU
Subdivision: 0-None
PIN Number: Multiple
Remarks
Directions: Coming into Bloomsburg from I-80, properties will be on your right after passing the Hospital.
Details
Association: No
Sign: No
Home Warranty: No
Seller Finance: No
Exclusions: Tenant possessions
# of Units: 4
Major Appliances
Ranges: 4
Refrigerators: 4
Washers: 4
Dryers: 4
Unit 1
Laundry Hookups: Yes
Elec Pd By: Tenant
Heat Pd By: Tenant
Sewer Pd By: Owner
Water Pd By: Tenant
Unit 2
Laundry Hookups: Yes
Elec Pd By: Tenant
Heat Pd By: Tenant
Sewer Pd By: Owner
Water Pd By: Tenant
Unit 3
Laundry Hookups: Yes
Elec Pd By: Tenant
Heat Pd By: Tenant
Sewer Pd By: Owner
Water Pd By: Tenant
Income and Expenses
Gross Oper Income: 167452
Water/Sewer: 2988
Taxes: 6591
Insurance: 8770
Garbage: 1766
Total Expenses: 20115
Net Oper Income: 147337
Property Features
Construction: Frame
Exterior Finish: Vinyl; Wood
Amenities: Sidewalks
Green Energy Generation: None
Documents: Deed; Tax Card
Documents
Listing Office: CENTURY 21 COVERED BRIDGES REALTY
Listing Agent: SAMANTHA CAPITA
Last Updated: May - 29 - 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.
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