Sold for $269,900

$269,900

3673 W Lake Rd, Erie, PA 16505

4beds

3baths

2,130sqft

Multi Family

Built in 1950

-- sqft lot

$-- Zestimate^®

$127/sqft

$2,204 Estimated rent

Home value

Not available

Estimated sales range

Not available

$2,204/mo

Zestimate^® history

Owner options

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$2,204/mo

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$2,204/mo

Rent Zestimate^®

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$1,817/mo

Est. payment

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$1,817/mo

Est. payment

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What's special

!INVESTORS DELIGHT! This 3-unit, CASH FLOWING, investment property boasts over a 10% CAP RATE with the current income and expenses at the listed purchase price. Wonderfully located about a mile west of PRESQUE ISLE, this COMMERCIALLY ZONED MU1 listing creates a robust opportunity for local businesses. Front upstairs unit and back detached bungalow dwelling are both NEWLY RENOVATED. The bungalow dwelling in the back has a NEW METAL ROOF and FENCED IN BACKYARD as well. Add this PROVEN and VERSATILE investment property to your portfolio before it's too late! CALL TODAY!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 3

Heating

Forced Air, Gas

Cooling

None

Interior area

Total structure area: 2,130
Total interior livable area: 2,130 sqft

Property

Parking

Total spaces: 4

Lot

Size: 0.32 Acres
Dimensions: 60 x 227 x 0 x 0
Features: Flat

Details

Parcel number: 33018083.0003.00
Zoning description: MU

Construction

Type & style

Home type: MultiFamily
Architectural style: See Remarks
Property subtype: Multi Family

Materials

Frame, Vinyl Siding
Roof: Asphalt,Metal

Condition

Year built: 1950

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Deposit fee: $5,000

Location

Region: Erie

Financial & listing details

Price per square foot: $127/sqft
Tax assessed value: $125,210
Annual tax amount: $3,351
Date on market: 6/6/2024
Cumulative days on market: 7 days
Listing terms: Cash
Road surface type: Paved

Price history

Date	Event	Price
8/19/2024	Sold	$269,900$127/sqft
Source: GEMLS #177397 Report a problem
6/12/2024	Pending sale	$269,900$127/sqft
Source: GEMLS #177397 Report a problem
6/6/2024	Listed for sale	$269,900+86.1%$127/sqft
Source: GEMLS #177397 Report a problem
8/15/2022	Sold	$145,000-9.3%$68/sqft
Source: GEMLS #163978 Report a problem
6/24/2022	Pending sale	$159,900$75/sqft
Source: GEMLS #163978 Report a problem
6/23/2022	Listed for sale	$159,900$75/sqft
Source: GEMLS #163978 Report a problem
6/23/2022	Pending sale	$159,900$75/sqft
Source: GEMLS #163978 Report a problem
6/17/2022	Listed for sale	$159,900$75/sqft
Source: GEMLS #163978 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,500 +3.2%	$125,210
2024	$3,391 +8.9%	$125,210
2023	$3,113 +2.4%	$125,210
2022	$3,039	$125,210
2021	$3,039 +162%	$125,210
2020	$1,160 -60.4%	$125,210
2019	$2,926 -17.1%	$125,210
2018	$3,531 +3.8%	$125,210
2017	$3,402 +0.9%	$125,210
2016	$3,371 +217.3%	$125,210
2015	$1,062	$125,210
2014	$1,062 +72.1%	$125,210
2013	$617 +12.1%	$125,210 +37.6%
2012	$550	$90,980
2011	$550	$90,980
2010	$550 +11%	$90,980
2009	$496	$90,980
2008	--	$90,980
2005	$650 -1.2%	$90,980
2004	$658	$90,980
2003	--	$90,980