Description
This 72-unit investment portfolio is a rare, cash-flowing machine with a current rent roll exceeding \$52,000/month and \$630,000+ annually. With actual expenses at just \$211,000, you’re netting over \$419,000/year in NOI — that’s an 11% cap rate, 22% cash-on-cash return, and a 1.74 DSCR. The well-maintained properties include a mix of multi-units (9, 5, 4, 3, and several 2-units) and single-family homes spread throughout NW, NE, SW, and SE Erie. Step into a fully operational business with an experienced property manager in place, handling leasing, maintenance, lawn care, and more. Seller-owned for years and now retiring — don’t miss this chance to buy instant equity and own a high-performing, turn-key investment. If sold separately, the package could bring \$4M+. Seize this grand slam opportunity today! **MOST EXTERIOR PICS DATED, UPDATING NEW EXTERIOR PICS TOMORROW!!**
Location
Listed By
Listing information provided courtesy of the Greater Erie Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 6th February, 2026 11:38 PM (UTC)
Listing Office: Agresti Real Estate
Attribution contact:
(814) 449-7973
