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
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. Antitrust Compliance Notice. See Notice.