Home For Sale near Lake Erie
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.Property Details
- Beds: 45
- Baths: 0.0
- Sq Feet: 23690
- Year Built: 0
- Location: Lake Erie
- Acres: 0.650
- County: Erie County
- Heat/AC: Natural Gas, Forced Air
- Siding: Mixed
- Roof:
- Property Taxes: $12,486
- MLS #: 188805
Location
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Contact Information:
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Listing Agent: Natasha Chiz, Agresti Real Estate, 440-789-9215, 814-459-9400 Listing Site, Listing Status: Active
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.
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Ad Statistics:
| Ad Number : | 7284691 |
| Viewed: | 1 times |
| Added: | Dec 04, 2025 |
| Updated on: | Dec 04, 2025 |
| All information provided is deemed reliable but is not guaranteed and should be independently verified. | |
