815 E Grandview Blvd | Erie, PA 16504
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815 E Grandview Blvd
Erie, PA 16504
Tanglewood Apartments · Multifamily Property For Sale
·
206 Units
INVESTMENT HIGHLIGHTS
- Owned and self-managed by out-of-state partnership for the past 20+ years
- Strong historical occupancy; currently 97%
- 68% of units are two- or three-bedroom floor plans
- $157,000+ of organic revenue growth by capturing current loss-to-lease
- Many recent capital improvements including new roofs, new boilers (4 of 8), replaced fire panels and repaved parking lot (2018-2024)
- Walking distance to Mercyhurst University and a short drive to all of Erie’s major colleges and universities
PROPERTY FACTS
| No. Units | 206 | Building Size | 160,368 SF |
| Property Type | Multifamily | Average Occupancy | 92% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built/Renovated | 1973/2002 |
| Building Class | C | Parking Ratio | 2.06/1,000 SF |
| Lot Size | 10.77 AC | ||
| Zoning | R3 | ||
| No. Units | 206 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 10.77 AC |
| Building Size | 160,368 SF |
| Average Occupancy | 92% |
| No. Stories | 3 |
| Year Built/Renovated | 1973/2002 |
| Parking Ratio | 2.06/1,000 SF |
| Zoning | R3 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Ceiling Fans
- Kitchen
- High Speed Internet Access
- Refrigerator
- Range
- Walk-In Closets
- Carpet
- Vinyl Flooring
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Picnic Area
- Playground
- Property Manager on Site
- Laundry Service
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 66 | $1,150 | 620 |
| 2+1 | 126 | $1,300 | 820 |
| 3+1 | 14 | $1,500 | 1,152 |
PROPERTY TAXES
| Parcel Number | 33-104-471.0-025.00 | Improvements Assessment | $8,078,900 |
| Land Assessment | $1,408,700 | Total Assessment | $9,487,600 |
PROPERTY TAXES
Parcel Number
33-104-471.0-025.00
Land Assessment
$1,408,700
Improvements Assessment
$8,078,900
Total Assessment
$9,487,600
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