2626 Hope Drive Erie, PA 16510

$975,000

$101,793 available to the buyer for upgrades.

12 Units–6 three bedrooms 6 two bedrooms. Central air conditioning. Eat-in kitchens with sliding doors onto a patio. Off street parking. Was once used as Behrend student housing, we have since been renting to market rate tenants. Could easily be leased to students, less than a ten-minute drive to Behrend college. 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
$145,056
Expenses
$43,263
Annual Net Income
$101,793

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