Home Sale Pending near Lake Erie
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!!**Property Details
- Beds: 116
- Baths: 0.0
- Sq Feet: 69588
- Year Built: 0
- Location: Lake Erie
- Acres: 3.690
- County: Erie County
- Heat/AC: Forced Air, Natural Gas
- Siding: Mixed
- Roof:
- Property Taxes: $49,385
- MLS #: 184056
Location
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Contact Information:
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Listing Agent: Jake Scheloske, Agresti Real Estate, 814-449-7973, 814-459-9400 Listing Site, Listing Status: Pending
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 : | 7284686 |
| Viewed: | 0 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. | |
