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72 Unit Investment Package, Erie, PA 16502

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For Sale
Sale Pending

$3,799,900

116 beds69,588 sqft

Estimated Payment

$      /mo.

APR for 30 years

Change Loan Terms

  • Single Family Attached
    Property type

  • $54.61
    Price per square foot

Explore this Property

This 72-unit investment portfolio is a rare, cash-flowing machine with a current rent roll exceeding \$52,000/month and \$630,000+ annually. With actual expenses at just \$211,000, you re netting over \$419,000/year in NOI that s an 11% cap rate, 22% cash-on-cash return, and a 1.74 DSCR. The well-maintained properties include a mix of multi-units (9, 5, 4, 3, and several 2-units) and single-family homes spread throughout NW, NE, SW, and SE Erie. Step into a fully operational business with an experienced property manager in place, handling leasing, maintenance, lawn care, and more. Seller-owned for years and now retiring don t miss this chance to buy instant equity and own a high-performing, turn-key investment. If sold separately, the package could bring \$4M+. Seize this grand slam opportunity today! **MOST EXTERIOR PICS DATED, UPDATING NEW EXTERIOR PICS TOMORROW!!**
MLS# 184056

Courtesy Of Agresti Real Estate

(814) 459-9400

Property Features

  • Architecture Style
    Other
  • Heating System
    Forced Air
  • Lot Size
    3.69 Acres

Home seller CENTURY 21 1st Choice Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 1st Choice Realty

(570) 398-0690
Learn More About Us

Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $0
  • Property Taxes
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  • Hazard Insurance
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  • Private Mortgage Insurance
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