1041 E 3rd St, Erie, PA 16507

This estate-owned 3-bedroom home offers an affordable option for an investor or owner-occupant ready to make it their own. The first floor features a comfortable flow from the living room to the dining room and kitchen. Upstairs you’ll find three bedrooms and a full bath featuring a classic cast-iron claw-foot tub. Enjoy the spacious covered front porch and partially fenced backyard. Investors—take note! Based on estimated market rent of $1,200/month and estimated expenses, the projected cap rate after repairs is approximately 14.35%. Buyer to independently verify rental income, expenses, and projections. Property is estate-owned and being sold as-is. A great opportunity to add value, build equity, or expand a rental portfolio at an affordable price point