14 W 26th St, Erie, PA 16508

Seize this rare opportunity to add Midtown Apartments to your portfolio—a 35 unit complex in the heart of the Federal Hill Neighborhood! Comprising of 31 residential units and 4 commercial spaces, plus coin-operated laundry, this property offers multiple streams of income. Offered at a 10.2% CAP RATE, the asset delivers stable cash flow with all units secured by long-term leases. Numerous interior and exterior improvements have been completed in recent years—See capital improvement list for further details (including exterior work that is currently underway). The recently paved parking lot provides ample off-street parking for tenants. Positioned at a centrally-located intersection, this property is within close proximity to Gannon University, UPMC Hamot, Erie Insurance, Saint Vincent Hospital, State Street, Lake Erie, and public transportation, maximizing accessibility. Don’t miss the chance to invest in this asset with strong current returns and even more upside potential!