$252,500.00
225 W 2ND St, ERIECITY PA 16507
6 | 4656 ft2
Investment 5+ Unit
Feb. 12, 2025, 1:12 p.m.
Extremely rare opportunity to add this 5 unit building right off the bayfront to your portfolio. This beautifully well-maintained building is being offered at a 9 cap WITH MANAGEMENT COSTS INCLUDED! Income and expenses are real world numbers of the 2024 year. Units are always in demand and easy to rent out being walking distance to Gannon, Hamot, the bayfront, and all downtown Erie has to offer. Currently being professionally managed, and the manager would be happy to stay on for new owner. Large lot (55.5 X 165)next to the building is included with the sale creating opportunity to build another multi unit building, tiny homes, or parking.
Listed by: Brandon Penn (814) 833-9500, Keller Williams Realty (814) 833-9500
Source: MLS#: 181554; Originating MLS: Greater Erie Board of Realtors
| Directions | Heading north on State St, turn Left onto W 2nd. Building between Sass and Myrtle on the south side of the street. |
| Year Built | 1852 |
| Area | 2 - Erie Northwest |
| Road Surface | Paved Public |
| Water | Public |
| School Districts | City-Erie |
| Lot Description | Slope |
| Building Information | Existing Structure |
| Construction | Vinyl |
| Fuel Type | Gas |
| Roof Description | Composition |
| Heating Type | Forced-Air |
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