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USAPAErie345 W 8Th St
359 - 345 W 8 Th St, Home with 25 bedrooms, 17 bathrooms and null parking in Erie PA | Image 1
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$1,000,000

359 - 345 W 8 Th St, Erie, PA

Real Estate

For Sale

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25170
  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 18085 sqft
Garage Yes
Taxes $14,703
Days Active 1
Lot Size 
Approx. Age 1909
Avg. Price Per Sqft $55
MLS® Number 184213

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Exceptional opportunity to own 17 units across four adjacent properties in the heart of Erie’s West Bayfront Neighborhood! Be part of the continued revitalization taking place along this West 8th Street Corridor. This well-positioned package is being offered at a 10% CAP RATE, delivering strong cash flow and ROI from day one. Extensive capital improvements have been completed on properties under the current ownership—See the included improvement list for full details. In addition to the residential units, this property includes 7 garage units currently leased for storage, providing an additional income stream. A large rear lot offers off-street parking for tenants. Situated near Gannon University, UPMC Hamot, Erie Insurance, Saint Vincent Hospital, State Street, Lake Erie, and public transportation, this property benefits from strong tenant demand and accessibility. With a proven rental history and long-term growth potential, this is a chance to capitalize on a high-performing asset!Show Description
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Walk Score®
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Transit Score®
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Bike Score®
MLS® Number184213
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1909
Basement
DrivewayDetached, Garage
Garage Spaces
HeatForced Air, Gas
A/CNone
Heating Fuel

Extras

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