201 Millville Rd, Bloomsburg, PA 17815-8511

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.