342-344 W 9th St | Erie, PA 16502
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342-344 W 9th St
Erie, PA 16502
Multifamily Property For Sale
·
4 Units
Investment Highlights
- 4-Unit Multi-Family Investment Property
- 3 One Bedroom & 1 Two Bedroom Apartments
- $51,900 Annual Rental Income
- 7,453± SF Apartment Building & 900± SF 3-Bay Garage
- Historic Charm & Modern Applianced Kitchens
- $37,954 Net Operating Income - Offered at 8.93% Cap Rate
Property Facts
| No. Units | 4 | Building Size | 7,453 SF |
| Property Type | Multifamily | Average Occupancy | 75% |
| Property Subtype | Apartment | No. Stories | 2 |
| Building Class | C | Year Built | 1898 |
| Lot Size | 0.18 AC | Parking Ratio | 0.67/1,000 SF |
| Zoning | R-3 - Residential zoning district for moderate-density, suburban development uses such as apartments, condominiums, and townhouses. Limited commercial uses | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 7,453 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built | 1898 |
| Parking Ratio | 0.67/1,000 SF |
| Zoning | R-3 - Residential zoning district for moderate-density, suburban development uses such as apartments, condominiums, and townhouses. Limited commercial uses |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
| 2+2 | 1 | - | - |
Property Taxes
| Parcel Number | 16-030-020.0-232.00 | Improvements Assessment | $245,448 |
| Land Assessment | $12,000 | Total Assessment | $257,448 |
Property Taxes
Parcel Number
16-030-020.0-232.00
Land Assessment
$12,000
Improvements Assessment
$245,448
Total Assessment
$257,448
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