22 UNIT INVESTMENT PACKAGE, Erie, PA 16503 - Erie County

This 22-unit investment portfolio with an additional vacant parcel is a high yield opportunity delivering real cash flow and strong returns. With an annual rent roll of $197,700 and expenses of just $51,465, the portfolio produces a solid NOI of $144,783, translating to an 12% cap rate, 28% cash-on-cash return, and 1.89 DSCR. The properties include a mix of 2, 3, 4, and 5-unit buildings across NE Erie, offering a balanced spread of units and steady occupancy. Strong in place performance with clear potential to further increase income and long-term value. Don't miss your chance to own this income-producing portfolio.

Copyright © 2025 Greater Erie Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.