Home For Sale near Lake Erie
This 71-unit investment portfolio is a rare, cash-flowing machine with a current rent roll exceeding $54,000/month and $655,000+ annually. With actual expenses at just $218,000, you're netting over $437,000/year in NOI - that's an 11.5+% cap rate, 27% cash-on-cash return, and a 1.89 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 be worth a lot more. Seize this grand slam opportunity today!Property Details
- Beds: 110
- Baths: 0.0
- Sq Feet: 68288
- Year Built: 0
- Location: Lake Erie
- Acres: 3.530
- County: Erie County
- Siding: Mixed
- Roof:
- Property Taxes: $45,717
- MLS #: 189809
Location
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Contact Information:
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Listing Agent: Jake Scheloske, Agresti Real Estate, 814-459-9400, 814-459-9400 Listing Site, Listing Status: Active
Copyright © 2026 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 : | 7345015 |
| Viewed: | 5 times |
| Added: | Mar 02, 2026 |
| Updated on: | Mar 02, 2026 |
| All information provided is deemed reliable but is not guaranteed and should be independently verified. | |
