Two-Property Apartment
155 Franklin Ct Bloomsburg, PA 17815
155 Franklin Ct, Bloomsburg, PA, 17815
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Two apartment properties total 40 units with 97.5% occupancy and in-unit washer/dryer hookups.
Property Size61,420 SF
Days on Market159
Property Features for 155 Franklin Ct
General Information
- Standard status
- Active
- Size
- 61,420 SF
- Property subtype
- Multifamily
Listing agency
Avison Young - Suburban Philadelphia
Listed by
Adam Gillespie · License #PA RS293296
Source
Crexi
Added: Feb 13 Updated: Jul 21 at 1:58PM Checked: Jul 21 at 1:58PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Avison Young - Suburban Philadelphia
Investment Insights
Based on property information with market context.
This two-property apartment portfolio totals 40 units, with 24 units at Bloomsburg Court and 16 units at Mifflin Court. The buildings were constructed between 1999 and 2001 by the Yoder Group and have been professionally managed since, with an overall occupancy rate reported at 97.5%. Both properties are described as having strong rental histories.
Mifflin Court is noted to maintain a waiting list for first-floor units. The portfolio is also positioned for demand, with the remarks citing proximity to universities and major employers.
Unit features include washer/dryer hookups (tenants provide their own units), along with a refrigerator, dishwasher, garbage disposal, and electric stove. Both properties have separately metered gas and electric services paid by tenants, while the landlord covers water, sewer, and trash. The portfolio includes 16 garages at Bloomsburg Court and eight garages at Mifflin Court; Bloomsburg Court garages are noted as not currently generating additional revenue. The remarks also report current in-place rents approximately 17% below market at Bloomsburg Court and 22% below market at Mifflin Court.
Mifflin Court is noted to maintain a waiting list for first-floor units. The portfolio is also positioned for demand, with the remarks citing proximity to universities and major employers.
Unit features include washer/dryer hookups (tenants provide their own units), along with a refrigerator, dishwasher, garbage disposal, and electric stove. Both properties have separately metered gas and electric services paid by tenants, while the landlord covers water, sewer, and trash. The portfolio includes 16 garages at Bloomsburg Court and eight garages at Mifflin Court; Bloomsburg Court garages are noted as not currently generating additional revenue. The remarks also report current in-place rents approximately 17% below market at Bloomsburg Court and 22% below market at Mifflin Court.
Key Highlights
- Two‑property I‑80 Corridor apartment portfolio with 40 total units: 24 at Bloomsburg Court and 16 at Mifflin Court
- 97.5% overall occupancy with professional management and strong rental history
- In‑place rents are approximately 17% below market at Bloomsburg Court and 22% below market at Mifflin Court
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FAQs
What type of property is this?
Apartment building - Two apartment properties total 40 units with 97.5% occupancy and in-unit washer/dryer hookups.
Where is this apartment building located?
The property is located at 155 Franklin Ct Bloomsburg, PA.
What are key features of this property?
This property features: Two‑property I‑80 Corridor apartment portfolio with 40 total units: 24 at Bloomsburg Court and 16 at Mifflin Court; 97.5% overall occupancy with professional management and strong rental history; In‑place rents are approximately 17% below market at Bloomsburg Court and 22% below market at Mifflin Court
