This beautiful Millcreek 2-unit has an 11% CAP RATE! You don't want to miss out on this unique, cash flowing property situated in the quaint and historic Eaglehurst subdivision with direct access to the neighborhood beach on the shores of Lake Erie. Conveniently located close to Presque Isle in the Limited Lodging District, zoning allows for short term rentals. Two separate cottage homes sit on one parcel. Several renovations have been completed on both units including new siding, flooring, paint, appliances, landscaping and more. Each unit has it's own laundry. These are being sold furnished and decorated with a very charming nautical theme. Incredibly enough, this property has a gas well that fuels both units...FREE GAS! Pound for pound, this is one of the best investment opportunities available. Minimal maintenance, optimal cash flow. Come add this unique gem to your portfolio today before it's too late!
For sale
Price cut: $4.9K (8/13)
$265,000
241 Beachgrove Dr, Erie, PA 16505
2beds
2baths
1,100sqft
Est.:
Multi Family
Built in 1917
-- sqft lot
$255,800 Zestimate®
$241/sqft
$-- HOA
What's special
- 73 days
- on Zillow |
- 857 |
- 28 |
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