MF Investment Opportunity - Erie PA
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MF Investment Opportunity - Erie PA
3 Multifamily Properties Offered at $9,700,000 in Multiple Locations
Investment Highlights
- This three property portfolio offers 72 units within 11 miles of each other and a market that has no new construction.
- Each of the properties is less than 10 minutes from a major shopping center.
- There are value add opportunities through rent increases and management efficiencies.
Executive Summary
Hanna Commercial Real Estate as exclusive advisor, is pleased to offer the opportunity to acquire the multifamily investment portfolio offering which includes LeBoeuf Gables, Middleboro Commons, and Westgate Commons. The three properties consist of 22 units, 34 units, and 16 units respectively. Available as a portfolio or individual purchase, all three properties are located in the suburbs of Erie, Pennsylvania, and contain 72-units in total. All three properties are well-maintained, at full capacity, with no major capital expenditures required.
Property Facts
| Price | $9,700,000 | Number of Properties | 3 |
| Price / SF | $109.91 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 88,258 SF |
| Status | Active | Total Land Area | 5.36 AC |
| Price | $9,700,000 |
| Price / SF | $109.91 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 88,258 SF |
| Total Land Area | 5.36 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Middleboro Commons
8946 Main St, McKean, PA 16426 |
Multifamily | 37,528 SF | - | - |
| 5187 Westgate Dr, Girard, PA 16417 | Multifamily | 20,000 SF | - | - |
|
LeBoeuf Gables
152 E 6th St, Waterford, PA 16441 |
Multifamily | 30,730 SF | 2012 | - |
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Cynthia Kamin -
Ben Atwood -
CBRE, Inc.
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MF Investment Opportunity - Erie PA
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