418-428 West 8th Street Erie, PA 16502

$362,000

$168,089 available to the buyer for upgrades.

Strong cash flow. Large barn in the real perfect for any small business storage. Off street parking. $12,000.00 second mortgage to qualified buyer. Within walking distance to all downtown events and attractions. 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
Off-street parking
Full Appliances
Close to 8th & Chestnut Coin Laundry
Multiple Units w/ Storage
Off Street Parking
Income
$102,540
Expenses
$34,451
Annual Net Income
$168,089

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