Property profile

17 E Main St Bloomsburg, PA 17815

FOR SALE
Investment properties
Property ID
US73-3006332
0.25 ac lot
Entity Owned 11-yr Hold Free & Clear
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Property summary

AI-generated overview

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 profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Lot 0.25 ac (10,934 SF)
APN 05E,04--065-00,000
UPID US73-3006332

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Church
  • Trucking Company

Location

17 E Main St Bloomsburg, PA 17815
Bloomsburg metro Census 51200 BLOOMSBURG-BERWICK, PA MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$405k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$405k

Owner & transaction history

since 2015
6 recorded transactions
2020
Price N/A
2015
Price N/A
2012
Price N/A
2011
$180,000
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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