$1,200,000

22 UNIT INVESTMENT PACKAGE, Erie, PA 16503

  • 45 beds
  • 23,690 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in ——
  • Property Lot Size Icon0.65acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $51/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

This 22-unit investment portfolio with an additional vacant parcel is a high yield opportunity delivering real cash flow and strong returns. With an annual rent roll of $197,700 and expenses of just $51,465, the portfolio produces a solid NOI of $144,783, translating to an 12% cap rate, 28% cash-on-cash return, and 1.89 DSCR. The properties include a mix of 2, 3, 4, and 5-unit buildings across NE Erie, offering a balanced spread of units and steady occupancy. Strong in place performance with clear potential to further increase income and long-term value. Don’t miss your chance to own this income-producing portfolio.

Listing Status:
Active
Listing Office:
Agresti Real Estate : (814) 459-9400
MLS ID:
188805
  • A/C: See Remarks
  • Heating: Forced AirGas
  • Style: See Remarks
  • Roofing: See Remarks
  • General: Mixed
  • Road/Access: Paved
  • Originating MLS: GEBOR_GEBOR
  • School District: City-Erie
  • County: Erie
  • Zoning: 00-000-000.0-000.00
  • Water: Public
  • Sewer: Public Sewer
  • Source: GEBOR_GEBOR

This listing courtesy of Agresti Real Estate

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

M

Mckinley Elementary School

933 E 22nd St, Erie, PA, 16503

Grades PK-5

0.58 miles away

P

Pfeiffer-Burleigh School

235 E 11th St, Erie, PA, 16503

Grades KG-8

0.64 miles away

E

East High School

, Erie, PA, 16503

Grades 9-12

1.03 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.