🏡 Value Add Rental in Erie, PA!🏡 (Section 8 Rental Opportunity)

Erie County, Erie, PA, 16503
Sold
Listed at: June 2nd, 2024
Price
$25,000
ARV
$60,000
Gross Margin
$35,000
Sq. Footage
1134
Type
Single-Family
Parking
Driveway
Year build
1902
Lot size
0.09 acres
Bedrooms
3
Bathrooms
1
Half Bathrooms
0
Summary

🌟 Property Details:

  • Type: Single Family Home
  • Bed/Baths: 3 beds, 1 bath
  • SQFT: 1,134
  • Fair Market Rent(Eric County PA):  $1,227

📈 Investment Highlights:

  • 💼 Low Purchase Price: Acquire this property at a competitive price of $22,000, leaving ample room for renovation costs and future profit.
  • 💰 Strong Rental Income: With market rents at $1,227 for fair market rent, this home offers excellent rental income potential post-renovation.
  • 📈 High Demand: Erie’s rental market is thriving, ensuring quick tenant occupancy once the property is ready.

🔨 Investment Potential:

  • 🛠️ Medium to High Repairs Needed: This property requires a significant renovation to reach its full potential.
  • 🏘️ Value Add Opportunity: Ideal for investors looking to add value through renovations and capitalize on a high-demand rental market.

📈 Why Erie, PA?

  • 🌟 Strong Rental Market: Erie boasts a robust rental market with high demand for quality rental properties.
  • 🏡 High Rental Demand: Market rents are around $1,227 for a 3-bed, 1-bath home, ensuring strong and stable rental income.

 

- 845-238-4717 (Call to get the deal !!) 

Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Teeshan Udayakumar (845 -238 - 4717)

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