915 State St - Apartments FOR SALE


Erie, PA 16501- Mid City Erie
$790,000 USD
814-833-2741
915 State St, Erie, PA for Sale
$790,000 USD
Apartments - FOR SALE
1/10
null | Request Cap Rate

915 State St
Erie, PA 16501
Mid City Erie


HIGHLIGHTS

  • Heart of Erie CBD

OVERVIEW

30 residential apartments located in the Palace Building in downtown Erie being offered as a condominium package. Apartments are "PHFA Affordable" units with income restrictions applicable. Rent Control ends 2024. Priced @$25K/unit + $40K for 3rd. floor. Commercial units on 1st., Mezzanine, and lower level not included (they have a separate Tax ID see ML#160300). Confidentially Agreement required for financials (attached). Pre-qualified buyers only. Owner is PA licensed Broker.

FOR SALE DETAILS

PRICE

$790,000 USD

PRICE/SF

$9 USD /SF

# OF UNITS

30

PRICE/UNIT

$26,333

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Palace Center

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

9

YEAR BUILT

1920

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

19C3

APN/PARCEL ID

15-020-001.0-112.50

ASK ABOUT THIS PROPERTY

Chuck PetersAltair Real Estate ServicesMore Info
814-833-2741

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Chuck PetersAltair Real Estate ServicesMore Info
814-833-2741

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.