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!!**
For sale
$3,799,900
72 Investment Package, Erie, PA 16502
116beds
--baths
69,588sqft
Est.:
Multi Family
Built in ----
-- sqft lot
$-- Zestimate®
$55/sqft
$-- HOA
What's special
- 13 days
- on Zillow |
- 413 |
- 25 |
Zillow last checked: 7 hours ago
Listing updated: June 02, 2025 at 06:00am
Listed by:
Jake Scheloske (814)449-7973,
Agresti Real Estate 814-459-9400
Source: GEMLS,MLS#: 184056Originating MLS: Greater Erie Board Of Realtors
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 116
Heating
- Forced Air, Gas
Cooling
- See Remarks
Interior area
- Total structure area: 69,588
- Total interior livable area: 69,588 sqft
Property
Lot
- Size: 3.69 Acres
Details
- Parcel number: 00000000.0000.00
- Zoning description: Residential
Construction
Type & style
- Home type: MultiFamily
- Architectural style: See Remarks
- Property subtype: Multi Family
Materials
- Mixed
- Roof: See Remarks
Condition
- Good Condition,Resale
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Deposit fee: $50,000
Location
- Region: Erie
Financial & listing details
- Price per square foot: $55/sqft
- Tax assessed value: $1,268,134
- Annual tax amount: $49,385
- Date on market: 5/31/2025
- Road surface type: Paved
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