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2930 2930 CHERRY ST
ERIE, PA 16508
Asking Price
$645K
Cap Rate
6.52%
Asset Type
Apartment Building Retail
Class
Class B
What's Special
6-Unit Mixed-Use Investment Package <p>6-Unit, 3 Property Mixed-Use Investment Package</p><p>Comprised Of 3 Contiguous Parcels Totaling 0.19± Acres</p><p>1 Commercial Unit & 5 Residential Units</p><p>83% Occupancy – Excellent Rental History</p><p>$54,615 Annual Income & $42,040 Net Operating Income (2025 Actual)</p><p>Upside Potential With Below Market Rental Rates</p><p>911± SF First Floor Commercial Space – Recently Vacated After Long-Term Tenancy</p><p>1 Bedroom, 1 Bathroom Apartment – Occupied</p><p>2 Bedroom, 1 Bathroom Apart
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NOI
$80,000
Cap Rate
12.40%
DSCR
2.09
Strong
Cash-on-Cash
21.55%
Monthly Payment
$3,191.108
Annual Cash Flow
$41,706.703
