Great multi-family value-add investment opportunity near Bloomsburg University. Investment opportunity consists of 7 properties which are all located in close proximity to Bloomsburg and are currently being rented as student housing. 50% of the properties are already rented for 2019.
Learn more about this great opportunity to purchase a turn-key investment portfolio.
Investment Insights
- Average annual maintenance fees average out to about $6,000 per year.
- Tenants pay $303 per year, to cover trash, water, and sewer
- Included in sales price are a business plan and property manager.
- Currently, the owner contracts out all maintenance work. (Owner has used the same contractor for as long as they’ve owned the property. The contractor is open to continuing on. and he would be willing to continue on as well.
- Potential value-add to increase summer rents and increase parking fees.
- More than 50% of properties are rented through 2019 – 20, which is ahead of last years pace to fill them.
Student Housing Investment Portfolio
| Property Address | Property Type | Listed Price | Square Feet | Bedrooms | Bathrooms |
| 305-307 IRON Street Bloomsburg, PA 17815 |
MultiFamily | $298,000.00 | 2,156 | 6 | 2.5 |
| 398 EAST Street Bloomsburg, PA 17815 Active |
MultiFamily | $299,000.00 | 2,950 | 6 | 2 |
| 115 E FOURTH Street Bloomsburg, PA 17815 |
MultiFamily | $299,900.00 | 1,968 | 7 | 3 |
| 540 – 542 EAST Street Bloomsburg, PA 17815 |
MultiFamily | $409,000.00 | 2,144 | 10 | 3.5 |
| 140 – 152 IRON Street Bloomsburg, PA 17815 |
MultiFamily | $459,000.00 | 2,850 | 10 | 4 |
| 341 FAIR Street Bloomsburg, PA 17815 |
MultiFamily | $669,000.00 | 3,504 | 13 | 5 |
| 522 – 524 EAST Street Bloomsburg, PA 17815 |
MultiFamily | $718,300.00 | 2,464 | 16 | 6 |
