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    17 Main St Bloomsburg, PA 17815

    Sponsored
    For Sale
    $20,676,000

    7 Buildings, 257 Beds, High Occupancy

    Property size:
    113,759 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a portfolio of seven student housing properties totaling 257 beds in Bloomsburg, Pennsylvania. Strategically located near Bloomsburg University, this stabilized portfolio boasts a remarkable near 100% historical occupancy rate and strong cash flow, generating a NOI of $1,451,626 with a 7.02% cap rate. The asking price is $20,676,000. The portfolio comprises 93 units across 113,759 square feet of net rentable space, including approximately 200 parking spaces, generating additional income. Buildings were constructed in 1930, 1954, 1989, 2009, and 2015, with renovations completed between 2009 and 2016. Many units feature upgraded amenities such as granite countertops, hardwood flooring, ceramic tile, large TVs, in-unit laundry, and high-speed internet. The portfolio's prime location near the university and downtown amenities, coupled with the recent significant investment in healthcare infrastructure in the area, ensures continued strong demand and potential for future growth. This is a rare opportunity to acquire a substantial, high-performing student housing portfolio with a proven track record of success. The portfolio offers an economy of scale and is being offered for sale due to the retirement of the long-time owner.

    Property Features for 17 Main St

    General Information

    Property type
    Multifamily properties
    Square Feet
    113,759 SF

    Building Details

    Year Renovated
    2009
    Buildings
    7
    Units
    93

    HighLights

    • Seven fully furnished luxury student housing properties in Bloomsburg, PA.
    • 257 beds offering significant economies of scale.
    • Near 100% occupancy rate over the past 10 years.
    • Offered for sale for the first time; owner is retiring.
    • Includes substantial income from approximately 200 parking spaces.
    • Relatively new construction (buildings from 1989, 2009, and 2015, with renovations between 2009 and 2016) minimizing maintenance needs.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Table Lutheran Church Airo Logistics Inc Trucking Company

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bloomsburg
    County
    Columbia
    State
    Pennsylvania
    Longitude
    -76.456898553029
    Latitude
    41.003856780833

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    FAQs

    What type of property is this?
    Multifamily property - 7 Buildings, 257 Beds, High Occupancy
    Where is this multifamily property located?
    The property is located at 17 Main St Bloomsburg, PA.
    What is the asking price?
    The asking price for this property is $20,676,000.
    What are key features of this property?
    This property features: Seven fully furnished luxury student housing properties in Bloomsburg, PA.; 257 beds offering significant economies of scale.; Near 100% occupancy rate over the past 10 years.
    Request Owner's contact information
    17 Main St Bloomsburg, PA 17815
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    Bloomsburg, PA 17815
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    17 Main St Bloomsburg, PA 17815
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