3626 Zimmerman Rd | Erie, PA 16510
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- LoopNet Team
3626 Zimmerman Rd
Erie, PA 16510
Southview Apartments & Self Storage · Multifamily Property For Sale
·
24 Units
INVESTMENT HIGHLIGHTS
- Diverse stream of revenues - 73% apartments, 27% self-storage
- Significant opportunity to grow annual revenue by $38,500+ through increasing current rents to market levels (potential apartment revenue of $27,000+
- Less than 10 minutes from all major employers and universities in the MSA
- Desirable mix of one-bedrooms (8), two-bedrooms (10), and three-bedrooms (6)
- Additional revenue upside through continued implementation of water sewer reimbursement - currently 2/3 of tenants pay $45-$70
PROPERTY FACTS
| No. Units | 24 | Lot Size | 1.00 AC |
| Property Type | Multifamily | Building Size | 25,540 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1991 |
| Building Class | C | Parking Ratio | 0.68/1,000 SF |
| Zoning | 19M1 | ||
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.00 AC |
| Building Size | 25,540 SF |
| No. Stories | 3 |
| Year Built | 1991 |
| Parking Ratio | 0.68/1,000 SF |
| Zoning | 19M1 |
AMENITIES
SITE AMENITIES
- Laundry Facilities
- Storage Space
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | $750.00 | 600 |
| 2+1 | 10 | $800.00 | 700 |
| 3+1 | 6 | $900.00 | 958 |
PROPERTY TAXES
| Parcel Number | 18-051-062.0-402.00 | Improvements Assessment | $1,195,000 |
| Land Assessment | $98,000 | Total Assessment | $1,293,000 |
PROPERTY TAXES
Parcel Number
18-051-062.0-402.00
Land Assessment
$98,000
Improvements Assessment
$1,195,000
Total Assessment
$1,293,000
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