4-Unit, mixed-use investment package for sale. Comprised of 2 contiguous parcels totaling 4,850± SF on 0.12± acres with 1 commercial unit & 3 residential rentals. 50% occupancy with excellent income history. $35,445 annual income & $26,522 net operating income based on 2025; offered at $360,000 – 7.4% actual cap rate. Upside potential with below market rents. $46,113 pro forma annual income - $37,773 pro forma NOI – 10.5% pro forma cap rate. Unit mix includes 911± SF office/storefront, one 1 bedroom/1 bathroom apartment, one 2 bedroom/1 bathroom apartment & one 3 bedroom/1 bathroom single family home. Off-street parking for ±11 with paved parking lot for ±9 & private driveway plus on-street parking. All units are separately metered for gas &/or electric (1 unit all electric). Centrally located just 0.4 miles (3 blocks) from Erie High School. Near Peach Street’s retail/service corridor & multiple public bus routes. Zoned Traditional Single Family Development (R-1A) in the City of Erie.
13 days
|
154
|
7
|
Zillow last checked:
Listing updated:
Listed by:
Sherry Bauer(814)453-2000,
SBRE - Sherry Bauer Real Estate Services814-453-2000
Source: GEMLS,MLS#: 192318Originating MLS: Greater Erie Board Of Realtors