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435 W 10th St
Erie, PA 16502 Downtown Erie

$795,000 USD

Apartments For Sale  •  11,568 SF

Property Details

  • Property Type Apartments
  • Total Building Size 11,568 SF
  • Lot Size 0.31 AC
  • Building Class B
  • Year Built 1969
  • Tenancy Multiple
  • Zoning RLB
44 Transit Score
76 Walk Score

Highlights

11,568± SF 9-Unit, Mixed-Use Commercial Investment Opportunity
8 Two Bedroom, 1 Bathroom Apartments & 1,088± SF Office
Built In 1969 On 0.3133± Acres 16 Car Paved Parking Lot
$88,320 Total Annual Rental Income – $64,188 Net Operating Income
$100,200 Pro-Forma Annual Income – $76,068 Pro-Forma NOI
Offered At $795,000 – 8.10% Cap Rate – 9.57% Pro-Forma Cap Rate

Property Flyers

Amenities

  • 24 Hour Access
  • Dishwasher
  • Laundry Facilities
  • Walking/Biking Trails
  • Kitchen
  • Refrigerator
  • Range
  • Tub/Shower
  • Storage Space
  • Dining Room
  • Public Transportation
  • Walk-Up

Public Transportation

Commuter RailDriveWalkDistance
Erie Amtrak Station (Lake Shore Limited - Amtrak) 2 min 13 min 0.7 mi
AirportDriveWalkDistance
Erie International/Tom Ridge Field 11 min - 5.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 16
Type: Surface
Included in Rent: Yes
Sherry Bauer 814-460-2000 SBRE - Sherry Bauer Real Estate Services
Sherry Bauer 814-460-2000 SBRE - Sherry Bauer Real Estate Services