$289,900

421-423 W 8TH Street, Erie, PA 16502

  • 11 beds
  • 7,284 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1952
  • Property Lot Size Icon0.43acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $40/sqft
  • Property List Date Icon Listed 29 days ago

Property Description

Seller's investment strategy is changing, allowing for this huge opportunity for the next willing and able investor! For the investor willing to put in the work this is a fantastic building to create amazing cashflow and add a legacy building property to their portfolio. 2 of the vacant units just need a cosmetic uplift. One is stripped down to the bones and ready for your vision. Could be a 2-3 bedroom apartment, or turned into a commercial space. 2 occupied and 2 vacant are going to need a good bit of work. If you have the vision and means, this will be an amazing property that does not come available often! Walking distance to Gannon University, and everything downtown Erie has to offer. Being offered at a projected 14.5 cap with real world management in place. Currently professionally managed, and manager willing to stay on for the next owner. Sale also includes 2 lots 16030025020300 and 16030025020900

Listing Status:
Active
Listing Office:
RE/MAX Lakeland Realty - Erie : (814) 382-8326
MLS ID:
188833
  • A/C: None
  • Heating: Forced AirGas
  • Style: Two Story
  • Roofing: Rubber
  • General: BrickBlock2
  • Road/Access: Paved
  • Originating MLS: GEBOR_GEBOR
  • School District: City-Erie
  • County: Erie
  • Zoning: 16-030-025.0-210.00
  • Water: Public
  • Sewer: Public Sewer
  • Source: GEBOR_GEBOR

This listing courtesy of RE/MAX Lakeland Realty - Erie

Monthly Payment

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

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Location

Schools Nearby

E

Emerson-Gridley Elementary School

, Erie, PA, 16507

Grades PK-6

0.25 miles away

P

Pfeiffer-Burleigh School

235 E 11th St, Erie, PA, 16503

Grades KG-8

0.87 miles away

S

Strong Vincent High School

, Erie, PA, 16502

Grades 9-12

1.13 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.