For Sale
$325,000

440 Wood StBloomsburg, PA 17815

7-Bed Student Housing, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
115
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.

Highlights

  • $325,000 asking price.
  • Multifamily property with 7 bedrooms and 2 bathrooms.
  • 1,940 square feet, priced at $167.53 per square foot.
  • 9.36% cap rate with a $30,406 NOI.
  • Located in Bloomsburg, PA, at 440 Wood St, on a 0.09-acre lot with 4 parking spaces.
  • Fully leased for the 2023-24 and 2024-25 school years.

Property Details for 440 Wood St

Property type
Dormitories, Student housing
Square Feet
1,940 SF
Lot Size (sq. ft)
3,920 SF

Location Insight

City
Bloomsburg
County
Columbia
State
Pennsylvania
Latitude
41.0034596
Longitude
-76.4478374
440 Wood St, Bloomsburg, Pennsylvania

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440 Wood St
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