1029 31 EAST Avenue Erie, PA 16503
Other
MLS #: 190253
Courtesy Of Agresti Real Estate
Property InformationDescription
An exceptional opportunity to add a high-performing mixed-use asset to your portfolio. Producing a 12% cap rate, 31% cash-on-cash, and a 1.99 debt coverage ratio, this fully leased investment offers strong cash flow with additional upside potential. The property includes two storefronts and six residential units (four one-bedroom apartments and two efficiency units), creating a diversified income stream that helps reduce vacancy risk. A 30' x 40' warehouse provides added flexibility for additional rental income, storage, or owner use. Located in a commercial zoning district on a prominent corner, the property offers excellent visibility, convenient access to major roadways and public transportation, and a proven combination of stable occupancy.
Features
- Age: Over 50 Years Old
- Exterior Type: Mixed
- MLSID: 190253
- SecurityDeposit: $10,000.00
MAP & DIRECTIONS
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