201 Millville Rd Bloomsburg, PA 17815-8511
Property profile & analytics
201 Millville Rd Bloomsburg, PA 17815-8511
- Apartment buildings
- 0.48 lot acres
Property ID
US73-3953666
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Apartment buildings
Property Details for 201 Millville Rd
- Lot size
- 0.48 lot acres
- Property type
- Apartment buildings
- APN
- 05E,06--017-00,000
- APU
- 05E0601700000
Description
This exceptional investment opportunity presents a well-maintained, 20-unit apartment building in Bloomsburg, Pennsylvania. Situated on a 0.79-acre lot, this stabilized property features two buildings, each two stories high, totaling 13,560 square feet. Built in 1934 and 1973, the complex boasts 100% occupancy with most leases extending through 2025. All 20 units are individually metered for electricity, heat, and water, minimizing owner expenses. Each unit includes a parking space, a highly desirable amenity. The property benefits from an online platform for streamlined payment processing and maintenance requests. Currently generating a Net Operating Income (NOI) of $152,790, resulting in an 8.99% cap rate and a price per unit of $85,000, this property offers a strong return on investment. The property is zoned HD (High-Density), allowing for flexibility in tenant selection, including residential or student tenants. Significant value-add potential exists through the conversion of five studio units into upgraded, potentially short-term rental units, mirroring the success of a similar conversion already yielding $1,200 monthly. Additional revenue streams could be generated by installing shared laundry facilities. The current property manager is available for a three-month transition period at $1,000 per month. The property's location offers proximity to Bloomsburg University, Geisinger, Talen, a new Amazon data center, and numerous walking/biking trails. This turnkey property presents a compelling investment opportunity with substantial upside potential. Asking price is $1,700,000.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,160,000
- ML approach
- $1,790,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Bloomsburg
- County
- Columbia
- State
- Pennsylvania
- Longitude
- -76.4632
- Latitude
- 41.0093
- CBSA code
- 14100
- CBSA name
- BLOOMSBURG-BERWICK, PA MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$6,933
$15,810
$62,350
$78,160
-
$31,620
$124,700
$156,320
