129-131 Erie Street

Edinboro, PA 16412

$500,000
Price
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a view of a building and a street
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an outdoor space with seating
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a kitchen with lots of counter top space
a kitchen with lots of counter top space
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a very nice looking room with wooden floor and furniture
a room with lots of wooden furniture and appliances

Description

An excellent opportunity to own a piece of town! Purchase 129-131 Erie street together. Both storefronts are leased with strong, long term rental history. The property features two commercial storefronts as well as 3 residential apartments, offering multiple income streams. The largest of the 3 apartments could be perfect for restaurant manager or owner-occupant, adding convenience and flexibility for managing the business. With a large parking area behind the building and frontage on two roads,...An excellent opportunity to own a piece of town! Purchase 129-131 Erie street together. Both storefronts are leased with strong, long term rental history. The property features two commercial storefronts as well as 3 residential apartments, offering multiple income streams. The largest of the 3 apartments could be perfect for restaurant manager or owner-occupant, adding convenience and flexibility for managing the business. With a large parking area behind the building and frontage on two roads, the property offers prime visibility and accessibility. One business associated with the property is also available, making this an even more versatile opportunity
  1. Listed by KELLER WILLIAMS REALTY

Property Details for 129-131 Erie Street

Zoning
COMM
LISTING UPDATED: 11/27/2024 10:39 AM

Property Details for 129-131 Erie Street

StatusActive
MLS #1678875
Days on Market48
Taxes$4,549 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeOther
MLS TypeMulti-Unit / Other
Year Built1920
Lot Size0.28 AC / 12,161 SF
CountyErie County

Building Information for 129-131 Erie Street

Stories-Residences5Year Built1920Lot Size0.28 AC / 12,161 SF

Property Information for 129-131 Erie Street

Summary
Location and General Information
  • City Name: Edinboro
  • Postal Code: 16412
  • County Or Parish: Erie County
  • County M 360: Erie County
  • State Or Province: Pennsylvania
  • Directions: Erie Street Downtown Edinboro
Taxes and HOA Information
  • Map Num Block Num Lot Num Info: 11-011-036.0-005.00
  • Taxes: $4,549
School Information
  • School District: General McLane
Property
Lot Information
  • Acres: 0.2792
  • Lot Size: 0.2792
  • Type of Property: Other
  • Area: Edinboro
  • Construction: Brick, Vinyl
Property and Assessments
  • Insurance: $2,656
  • Year Built Numeric: 1920
  • Disclaimer: Information Deemed Reliable, But Not Guaranteed
  • Photo Count: 22
Utilities
  • Utilities: $3,468
  • Utilities Available: Electricity, Gas, Sewer, Water
Interior and Exterior Features
Interior Features
  • Baths Total: 0.0
  • Basement: Yes
Multi Family
Multi-Family Information
  • Num of Units: 5
  • Total Numof Units: 5
Income and Expenses
  • Gross Operating Income: $55,800
  • Net Operating Income: $45,128
Unit Information
Unit 1
  • Unit Full Baths 1: 1
  • UNIT Monthly Rent 1: 1200
  • Unit Num Bedrooms 1: 2
Unit 2
  • Unit Full Baths 2: 1
  • UNIT Monthly Rent 2: 850
  • Unit Num Bedrooms 2: 2
Unit 3
  • Unit Full Baths 3: 1
  • UNIT Monthly Rent 3: 600
  • Unit Num Bedrooms 3: 2
Unit 4
  • Unit Full Baths 4: 1
  • UNIT Monthly Rent 4: 750
  • Unit Num Bedrooms 4: 0
Unit 5
  • UNIT Monthly Rent 5: 1250
  • Unit Num Bedrooms 5: 0
  • Unit Partial Baths 5: 1
Rental
Rental Information
  • Tenant Occupied: Yes
  • Vacancy Percentage: 0

Property History for 129-131 Erie Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 129-131 Erie Street

This home is within General Mclane School District.
Rating
School
Type
Grades
Distance
Edinboro El School
Public - K to 4
James W Parker Middle School
Public - 5 to 8
General Mclane High School
Public - 9 to 12
Rating
School
Distance
Edinboro El School
PublicK to 4

James W Parker Middle School
Public5 to 8

General Mclane High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 129-131 Erie Street, Edinboro, PA 16412

129-131 Erie Street is for sale in Edinboro, PA 16412. This property was listed for sale on November 4, 2024 by KELLER WILLIAMS REALTY, it's currently listed at $500,000. This listing's school district is General Mclane School District. Nearby schools include Edinboro El School, James W Parker Middle School and General Mclane High School. 129-131 Erie Street is a 0-bed, 0-bath, built in 1920.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of KELLER WILLIAMS REALTY

The information is being provided by West Penn Multi-List, Inc. Information deemed reliable, but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2024 West Penn Multi-List, Inc.. All Rights Reserved. Last Updated: 11/27/2024 10:39 AM