$3,799,900.00
72 UNIT INVESTMENT PACKAGE NONE, ERIECITY PA 16502
116 | 69588 ft2
Investment 5+ Unit
May 31, 2025, 7:13 p.m.
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!!**
Listed by: Jake Scheloske (814) 449-7973, Agresti Real Estate (814) 459-9400
Source: MLS#: 184056; Originating MLS: Greater Erie Board of Realtors
| Directions | No Directions as this is a 72 unit (42 individual properties) listing |
| Area | 1 - Erie Northeast |
| Road Surface | Paved Public |
| Water | Public |
| School Districts | City-Erie |
| Building Information | Existing Structure |
| Construction | Mixed |
| Fuel Type | Gas |
| Roof Description | See Remarks |
| Heating Type | Forced-Air |
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