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For sale
  • $3,799,900

    72 Investment Package, Erie, PA 16502

    116beds
    --baths
    69,588sqft
    : 
    Multi Family
    Built in ----
    -- sqft lot
    $-- Zestimate®
    $55/sqft
    $-- HOA

    What's special

    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!!**
    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

    We’ll find a local expert to take you on a private tour of 72 Investment Package.

    Next available tour time:Tomorrow at 9am

    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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