$65,000.00

555 E 7TH St, ERIECITY PA 16503

6  | 2.00  | 2456 ft²

Investment   1-4 Unit

Jan. 10, 2025, 4:04 p.m.

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.

Listed by: Stephanie Yacobozzi (814) 397-2669, Agresti Real Estate (814) 459-9400

Source: MLS#: 181237; Originating MLS: Greater Erie Board of Realtors