1612 Cherry Street Erie, PA 16502

$42,900

$10,753 available to the buyer for upgrades.

First floor large three bedroom unit. Second floor two, large two bedroom units. Private back porch. Off street parking. Additional side lot included. We are willing to offer to the buyer $5,000.00 at close for upgrades. Palermo Realty and Development are currently owning and managing about 700 rental units. As we add new units at our Copperleaf location, we are starting to sell our downtown units. Adding additional units and properties while selling units we’ve maintained helps Palermo Realty and Development maintain our current staffing in our management and maintenance departments.

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Features and Amenities

Amenities

Walking distance to UPMC Ballpark
Walking distance to Gannon University & UPMC Hamot Hospital
Walking distance to Erie Insurance Arena
Walking distance to downtown bars and restaurants
Walking distance to all downtown attractions
Full Appliances
Close to 8th & Chestnut Coin Laundry
Multiple Units
Off Street Parking
Income
$17,940
Expenses
$7,187
Annual Net Income
$10,753

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