11,568± SF mixed-use commercial investment opportunity featuring 8 two bedroom, 1 bathroom apartments & 1,088± SF office. 7,712± SF above grade area consists of eight 964± SF apartments: living room, kitchen/dining area, 2 bedrooms & full bathroom. Current average monthly rent is $789 with 6 of 9 tenants paying separately metered electric. Landlord pays gas, water, sewer & trash. 1,088± SF finished lower level office: 3 offices, conference room, open office area & restroom. 2,768± SF lower level basement: 6 tenant storage bins, utility room & laundry room. Built in 1969 on 0.3133± acres zoned RLB, Residential Limited Business. 16 car paved parking lot. Public utilities, gas forced air heat & central air conditioning. $88,320 Total Annual Rental Income. $64,188 Net operating income. Upside potential with below market rents – $788/month average rent. $100,200 pro-forma annual income. $76,068 Pro-forma net operating income. Offered at $795,000 – 8.10% cap rate – 9.57% pro-forma cap rate.
Fully occupied duplex for sale! Long term tenants, 2 car garage, tons of parking, centrally located. Come check it out!
Gorgeous two unit brick home on upper west side of Erie. Each, large and wonderfully updated, unit has 3 bedrooms and 2 full bathrooms. The home has been meticulously cared for and has had many updates over the years! The empty lot beside the home comes with the purchase as well. This is truly an investors dream. Come take a look. More photos to be uploaded this weekend. Taxes and lot size reflect both parcels.
Good money maker! Super clean and Updated 2 unit that was used as VRBO. Shared Driveway but with Separate Parking Area, Great spacious Floor Plan, Remodeled Kitchens with new Appliances, Remodeled Baths, Newer Carpet, Trim, New Door , some Windows, Tankless Water Tank, 100 amp Electric, Updated Plumbing, Remodeled Sun Porch on 2nd Fl., dry Basement and more! Rents are projected for non VRBO
Investors and homebuyers, here’s an opportunity you don’t want to miss! This duplex features two spacious units, each offering 3 bedrooms and ample living space. With a little TLC, this property has fantastic potential to become a high-yielding rental or a multi-family home with room to grow. WIthin close proximity to schools, hospitals and shopping. This property includes 2 parcels (vacant lot to the left)
Come check out this fully remodeled 2 unit near Gannon University! All the heavy lifting was done on this cash cow! This home could easily be converted into a single family as well. Dont miss out.
Single-family home converted into a two-unit. Newer roof, furnace, H2O tank, flooring. Needs some work.
This 4 bedroom 1 bathroom home offers so much potential as your next investment unit. Great long term tenant with updates already made. Brand new roof, new front porch, updated electric, and more. Close to downtown, Gannon, and other great Erie locations.
Centrally located two unit at corner of Brown Ave and Cherry Street - Long term tenant on first floor. New bath on 2nd floor, some new drywall on first floor. First floor has partial Sec 8 approval.Motivated seller!
Investment/business opportunity on over 3+ acres in Harborcreek! Could make a fantastic visible business location or investment property with rentable units and more. Located on high traffic Shannon Road with ample parking. Some TLC would go a long way for this cash flow opportunity in Harborcreek!
Great investment opportunity. Duplex features, two, two-bedroom units and Third floor efficiency with bedroom, bathroom and kitchen. Updated windows. Loads of cash flow potential.
6 units make up this beautiful brick building with historic charm situated on the north east corner of 10th and parade Street. Great exposure, rare opportunity to build your own business, and compensate Your expenses with six apartments, which are mostly rented with long-term tenants! New metal roof in 2022, new electric service throughout, many replacement windows, this lovingly maintained commercial/investment property is ready to make you money. Liquor license not included, but available for negotiation with provisions. With a large clear basement and a huge walk up attic, there’s room for expansion! Low rents, all separately metered for utilities, this solid investment will pay for itself!
Attention Investors: This is the 16 unit investment opportunity you've been waiting for! The sellers have done all the heavy lifting of stabilizing this asset, increasing rents, and reducing expenses. Ten of the apartments have recently been fully renovated with beautiful, modern finishes. Convenient onsite amenities include digital laundry and off street parking. Located near Gannon University, UPMC Hamot, State Street, Erie Insurance, Saint Vincent Hospital, Lake Erie, bus routes, and more. These apartments are in high demand and fill quickly when vacant. Most tenants are on a 12 month lease, all using the Apartment Association of NW PA lease. Add this valuable asset to your portfolio before it's gone!
Nice two unit. Upstairs unit is occupied. Downstairs unit is total renovated.
Attention Investors. Great rental history. Presently used as a Air BNB. All the work has been done. Newer granite counter, Newer stainless appliance. Newer flooring throughout. Off street parking for 3-4 cars.MLS number 177513
Consistent Cash Flow:fully Occupied Triplex with Separate Utilities. Each unit comes with dedicated off-street parking.
Don't miss this fantastic 2-unit rental property with a stable rental history and great NW Erie location. Just a short walk to Gannon University and downtown. Very spacious units, each with two bedrooms, walk-in closets, bathroom, kitchen, dining room, and living room. Lovely woodwork and ornamental fireplaces. Both units have access to basement with washer and dryer. Second floor unit has front enclosed porch/balcony and rear open balcony (rebuilt 2014) overlooking treed fenced back yard. Full walk-up attic used to include living space and provides plenty of storage. Very well maintained with updates including roof (2010), rubber roof on balcony (2022), newer windows (2017 second floor), plumbing updated (2022), electric updated, front porch posts and all windows wrapped. Second floor totally remodeled with new walls, ceilings, electric, plumbing, light fixtures, tiled bath, etc. Off street parking.
This charming brick building, zoned RLB (Residential Limited Business), offers incredible flexibility for your business and living needs. Ideally located on high-traffic 8th Street, it’s perfect for those looking to operate a business on the main floor with great visibility and signage opportunities. The 2nd floor has been recently updated w/ new flooring, light fixtures and kitchen cabinets, making it a great income property or an ideal living space for an owner-occupant. Recent updates include a brand new roof, updated electrical, newer hot water tank, glass block windows in basement and new windows on 2nd and 3rd floors. The property boasts ample parking in the rear, making it convenient for both customers and tenants. This is a rare find in a bustling area—don’t miss out on this fantastic opportunity!
Great investment opportunity with this 2 unit flat. Both units are 2 bedrooms, 1 bath. Fully occupied. First floor unit has been renovated and newly rented. There is a 2 car detached garage in the back. Walking distance to Collegiate Academy and Veterans Stadium.
Fully occupied duplex. Many recent updates to both units including plumbing, hot water tanks, flooring, etc. Plenty of off-street parking and fenced in back yard. Turnkey investment property.
Two unit investment property for sale. Great location. Very well maintained. Perfect for owner-occupied.
High-traffic East Side investment alert! This 2-unit property boasts a turnkey hair salon with equipment (perfect for stylists or entrepreneurs) on the first floor and a spacious 2-bedroom apartment upstairs for steady rental income. Both units have central air, off-street parking is available, and the salon has a security system for peace of mind. Be a landlord and entrepreneur – this prime location offers the best of both worlds!
Erie is located in Pennsylvania. Erie, Pennsylvania has a population of 95,536. Erie is less family-centric than the surrounding county with 20.75% of the households containing married families with children. The county average for households married with children is 25.97%.
The median household income in Erie, Pennsylvania is $40,201. The median household income for the surrounding county is $55,949 compared to the national median of $69,021. The median age of people living in Erie is 35.1 years.
The average high temperature in July is 80.6 degrees, with an average low temperature in January of 19.5 degrees. The average rainfall is approximately 44.1 inches per year, with 101.4 inches of snow per year.
