72 Unit Investment Package, Erie, PA 16502
Local realty services provided by:ERA Team VP Real Estate
72 Unit Investment Package,Erie, PA 16502
$3,799,900
- 116 Beds
- - Baths
- 69,588 sq. ft.
- Multi-family
- Pending
Listed by:jake scheloske
Office:agresti real estate
MLS#:184056
Source:PA_GEBR
Price summary
- Price:$3,799,900
- Price per sq. ft.:$54.61
About this home
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!!**
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Home facts
- Listing ID #:184056
- Added:119 day(s) ago
- Updated:October 01, 2025 at 07:32 AM
Rooms and interior
- Bedrooms:116
- Living area:69,588 sq. ft.
Heating and cooling
- Heating:Forced Air, Gas
Structure and exterior
- Building area:69,588 sq. ft.
- Lot area:3.69 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$3,799,900
- Price per sq. ft.:$54.61
- Tax amount:$49,385 (2025)
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