!INVESTORS DELIGHT! This 3-unit, CASH FLOWING, investment property boasts over a 10% CAP RATE with the current income and expenses at the listed purchase price. Wonderfully located about a mile west of PRESQUE ISLE, this COMMERCIALLY ZONED MU1 listing creates a robust opportunity for local businesses. Front upstairs unit and back detached bungalow dwelling are both NEWLY RENOVATED. The bungalow dwelling in the back has a NEW METAL ROOF and FENCED IN BACKYARD as well. Add this PROVEN and VERSATILE investment property to your portfolio before it's too late! CALL TODAY!
Sold for $269,900
$269,900
3673 W Lake Rd, Erie, PA 16505
4beds
3baths
2,130sqft
Multi Family
Built in 1950
-- sqft lot
$-- Zestimate®
$127/sqft
$1,994 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,994/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: August 19, 2024 at 12:12pm
Listed by:
Samuel Sweny (814)923-7330,
Agresti Real Estate
Bought with:
Marcey Buckeye Kinkoph, RS295204
Howard Hanna Erie Southwest
Source: GEMLS,MLS#: 177397Originating MLS: Greater Erie Board Of Realtors
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
Heating
- Forced Air, Gas
Cooling
- None
Interior area
- Total structure area: 2,130
- Total interior livable area: 2,130 sqft
Property
Parking
- Total spaces: 4
Lot
- Size: 0.32 Acres
- Dimensions: 60 x 227 x 0 x 0
- Features: Flat
Details
- Parcel number: 33018083.0003.00
- Zoning description: MU
Construction
Type & style
- Home type: MultiFamily
- Architectural style: See Remarks
- Property subtype: Multi Family
Materials
- Frame, Vinyl Siding
- Roof: Asphalt,Metal
Condition
- Year built: 1950
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Erie
HOA & financial
Other fees
- Deposit fee: $5,000
Other
Other facts
- Listing terms: Cash
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 8/19/2024 | Sold | $269,900$127/sqft |
Source: GEMLS #177397 Report a problem | ||
| 6/12/2024 | Pending sale | $269,900$127/sqft |
Source: GEMLS #177397 Report a problem | ||
| 6/6/2024 | Listed for sale | $269,900+86.1%$127/sqft |
Source: GEMLS #177397 Report a problem | ||
| 8/15/2022 | Sold | $145,000-9.3%$68/sqft |
Source: GEMLS #163978 Report a problem | ||
| 6/24/2022 | Pending sale | $159,900$75/sqft |
Source: GEMLS #163978 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,500 +3.2% | $125,210 |
| 2024 | $3,391 +8.9% | $125,210 |
| 2023 | $3,113 +2.4% | $125,210 |
Find assessor info on the county website
Neighborhood: 16505
Nearby schools
GreatSchools rating
- 5/10Tracy El SchoolGrades: K-5Distance: 1.5 mi
- 5/10Westlake Middle SchoolGrades: PK,6-8Distance: 1 mi
- 7/10McDowell High SchoolGrades: PK,9-12Distance: 2 mi
Schools provided by the listing agent
- District: Millcreek
Source: GEMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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