$69,900
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555 E 7TH Street Erie, PA 16503
Multi-Family
Residence
6
Beds
2
Baths
...
Bed/Bath
2,456
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
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Your Next Investment Property is Here! Low taxes and Good Rental income! This property Has 2 Units - Upstairs is Rented at 900 a month which includes 50 for the attic storage and driveway and tenants pay all utilities except W,S,T. Upstairs tenant is also a life long contractor and is the properties... in home handy man. Downstairs unit is vacant and rents between 700 - 900 a month because it is a very spacious. The proforma Cap rate is 27%!! Current Cap rate with just the one tenant is still good at 15.5% Property does need some TLC and the tenant is willing to give a quote and do the any work that is requested for the new owner.
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MLS#
181237
Property Type
Multi-Family
Bedrooms
6
Bathrooms
Year Built
1877
Square Feet
2,456
sq. ft
Lot Size
0.1
Stories
2.0
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