This beautiful Millcreek 2-unit has an 11% CAP RATE! You don't want to miss out on this unique, cash flowing property situated in the quaint and historic Eaglehurst subdivision with direct access to the neighborhood beach on the shores of Lake Erie. Conveniently located close to Presque Isle in the Limited Lodging District, zoning allows for short term rentals. Two separate cottage homes sit on one parcel. Several renovations have been completed on both units including new siding, flooring, paint, appliances, landscaping and more. Each unit has it's own laundry. These are being sold furnished and decorated with a very charming nautical theme. Incredibly enough, this property has a gas well that fuels both units...FREE GAS! Pound for pound, this is one of the best investment opportunities available. Minimal maintenance, optimal cash flow. Come add this unique gem to your portfolio today before it's too late!
For sale
$269,900
241 Beachgrove Dr, Erie, PA 16505
2beds
2baths
1,100sqft
Est.:
Multi Family
Built in 1917
-- sqft lot
$261,100 Zestimate®
$245/sqft
$-- HOA
What's special
- 7 days
- on Zillow |
- 1,643 |
- 80 |
Zillow last checked: 8 hours ago
Listing updated: June 09, 2025 at 02:08pm
Listed by:
Samuel Sweny (814)923-7330,
Agresti Real Estate 814-459-9400
Source: GEMLS,MLS#: 184204Originating MLS: Greater Erie Board Of Realtors
Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
Heating
- Forced Air, Gas
Cooling
- Window Unit(s)
Interior area
- Total structure area: 1,100
- Total interior livable area: 1,100 sqft
Property
Parking
- Total spaces: 2
Features
- Levels: One
- Stories: 1
Lot
- Size: 4,639.14 Square Feet
- Dimensions: 40 x 116 x 40 x 116
- Features: Flat, Level, Mineral Rights
Details
- Parcel number: 33006019.0072.00
- Zoning description: R-2
Construction
Type & style
- Home type: MultiFamily
- Architectural style: One Story
- Property subtype: Multi Family
Materials
- Aluminum Siding, Vinyl Siding
- Roof: Composition,Metal
Condition
- Excellent,Resale
- Year built: 1917
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Eaglehurst
HOA
- Deposit fee: $5,000
Location
- Region: Erie
Financial & listing details
- Price per square foot: $245/sqft
- Tax assessed value: $65,300
- Annual tax amount: $1,794
- Date on market: 6/7/2025
- Road surface type: Paved
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