440 Wood St Bloomsburg, PA 17815
- Dormitories
- 1,940 SF
- 0.09 lot acres
Current Use by Public Records
- Dormitories
Property Details for 440 Wood St
- Lot size
- 0.09 lot acres
- Property size
- 1,940 SF
- Property type
- Dormitories
- Property subtype
- Student housing
Description
Exceptional investment opportunity: This 7-bedroom, 2-bathroom student housing property in Bloomsburg, PA, is ideally situated near Bloomsburg University, grocery stores, and the downtown area. The 1,940 square foot property sits on a 0.09-acre lot and includes 4 parking spaces. Currently fully leased for the 2023-2024 and 2024-2025 academic years, this multifamily property boasts a strong NOI of $30,406 and a compelling 9.36% cap rate. The asking price is $325,000, translating to $167.53 per square foot. Features include gas heating, a spacious living room, a kitchen, and updated bathrooms. The property is zoned RU and presents a lucrative prospect for investors seeking to expand their portfolio or enter the market. The property's prime location and consistent occupancy make it an attractive option for both seasoned investors and those new to real estate. Financial details are available upon request. This is a turnkey opportunity with significant potential for future growth and strong rental income.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bloomsburg
- County
- Columbia
- State
- Pennsylvania
- Longitude
- -76.4478
- Latitude
- 41.0035
