1136 E Lake Rd

Erie, PA 16507

$149,900
Last Sold Price
8
Beds
5
Baths
8,736 Sq. Ft.
$17 / Sq. Ft.
8,736
Sq. Ft.
$17
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Closed 12/11/17
Closed 12/11/17

Description

Solid brick 9 unit investment property that is completely leased! Don't miss out on the approx $44,580 Gross income. Includes 5 residential units that are all updated w/newer appliances, & 4 commercial store fronts & coin operated laundry on site that will increase the gross income by $40-120/per mo. Features a 3 car garage in the rear w/heat & elec that could be rented for additional income. Off street parking lot & great location will make this a must have for your investment portfolio.Solid brick 9 unit investment property that is completely leased! Don't miss out on the approx $44,580 Gross income. Includes 5 residential units that are all updated w/newer appliances, & 4 commercial store fronts & coin operated laundry on site that will increase the gross income by $40-120/per mo. Features a 3 car garage in the rear w/heat & elec that could be rented for additional income. Off street parking lot & great location will make this a must have for your investment portfolio.
  1. Listed by Jake Scheloske • Agresti Real Estate
    P: (814)-449-7973 C: (814)-449-7973 jake@tryagresti.com

Property Details for 1136 East Lake Road

Architectural Style
Two Story
Zoning Description
RLB
LISTING CLOSED: 12/11/2017 12:00 AM

Property Details for 1136 East Lake Road

StatusClosed
MLS #113907
Days on Market21
Taxes$5,734 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built1917
Lot Size0.26 AC / 11,325 SF
CountyErie County
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Location

Listing Courtesy of Agresti Real Estate

Sold By Agresti Real Estate

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Building Information for 1136 East Lake Road

Stories2Residences9Year Built1917Building Size-Lot Size0.26 AC / 11,325 SF

Payment Calculator

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$1,240 per month

30 year fixed, 6.55% Interest

Principal and Interest

$762

Property Taxes

$478

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 1136 East Lake Road

Summary
Location and General Information
  • Directions: East Lake Road to the Corner of Dunn Blvd.
  • Latitude: 42.139465
  • Longitude: -80.059904
  • MLS Area Major: 1 - Erie Northeast
Taxes and HOA
  • Parcel Number: 14-010-040.0-100.00
  • Tax Annual Amount: $5,734.00
  • Tax Assessed Value: $169,800
  • Tax Year: 2017
School Information
  • Elementary School District: City-Erie
  • High School District: City-Erie
  • Middle or Junior School District: City-Erie
Parking
  • Attached Garage: No
  • Garage Spaces: 3.0
  • Garage: Yes
  • Parking Features: Detached, Garage
  • Parking Total: 15.0
Property
Lot Information
  • Lot Features: Corner Lot, Mineral Rights
  • Lot Size Acres: 0.26
  • Lot Size Area: 0.26
  • Lot Size Dimensions: 0x0x0x0
  • Lot Size Units: Acres
  • Road Surface Type: Paved
Property and Assessments
  • Building Area Total: 8736.0
  • Living Area: 8736.0
  • Living Area Source: Assessor
  • Property Condition: Excellent, Resale
  • Year Built: 1917
  • Year Built Details: Estimate
Building Features
  • Construction Materials: Brick
  • Levels: Two
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Total Bedrooms: 8
  • Cooling: None
  • Has Cooling: No
  • Heating: Gas
  • Has Heating: Yes
Exterior Features
  • Roof: Rubber
  • Stories: 2
Multi Family
Multi Family Information
  • Number of Units In Community: 9
  • Total Number of Units: 9
Income & Expenses
  • Gross Income: $44,580.00
  • Insurance Expense: $1,350.00
  • Maintenance Expense: $4,284.00
  • Net Operating Income: $27,668.00
  • Water Sewer Expense: $2,600.00
Unit Information
Unit 1
  • Actual Rent: $450.00
Unit 2
  • Actual Rent: $350.00
Unit 3
  • Actual Rent: $300.00
Unit 4
  • Actual Rent: $275.00
Unit 5
  • Actual Rent: $475.00
  • Total Bathrooms: 1
  • Total Bedrooms: 2
Unit 6
  • Actual Rent: $475.00
  • Total Bathrooms: 1
  • Total Bedrooms: 2
Unit 7
  • Actual Rent: $450.00
  • Total Bathrooms: 1
  • Total Bedrooms: 2
Unit 8
  • Actual Rent: $440.00
  • Total Bathrooms: 1
  • Total Bedrooms: 1
Unit 9
  • Actual Rent: $500.00
  • Total Bathrooms: 1
  • Total Bedrooms: 1
Rental
Rent Information
  • Security Deposit: $5,000.00

Property History for 1136 East Lake Road

DateEvent & SourcePriceAppreciation
Dec 11, 2017

Sold

Greater Erie Board of REALTORS #113907

$149,900—
Sep 12, 2017

Pending

Greater Erie Board of REALTORS #113907

—
Aug 22, 2017

Listed (Active)

Greater Erie Board of REALTORS #113907

$169,900—
DateEvent & SourcePrice
12/11/2017

Sold

Greater Erie Board of REALTORS #113907

$149,900
09/12/2017

Pending

Greater Erie Board of REALTORS #113907

—
08/22/2017

Listed (Active)

Greater Erie Board of REALTORS #113907

$169,900

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

Public Records for 1136 East Lake Road

Taxable ValueLand$12,100Additions$147,100Total$159,200
Tax Record2022$5,984 ($499 / month)
Home Facts
Total Finished SqFt13,104 SqFtAbove Grade Finished SqFt13,104 SqFtUnfinished Basement SqFt4,368 SqFtStories3Lot Size8,054 SqFtStyleOffice BuildingYear Built1917ZoningRLMCountyERIEAPN14-010-040.0-100.00

Schools near 1136 East Lake Road

This home is within Erie City School District.
Rating
School
Type
Grades
Distance
Edison Elementary School
Public - PK to 5
East Middle School
Public - 6 to 8
Erie High School
Public - 9 to 12
Northwest Pennsylvania Collegiate Academy
Public - 9 to 12
Rating
School
Distance
Edison Elementary School
PublicPK to 5

East Middle School
Public6 to 8

Erie High School
Public9 to 12

Northwest Pennsylvania Collegiate Academy
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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 1136 East Lake Road, Erie, PA 16507
$149,900
8
5
8,736
11,325
1136-42 East Lake Road, Erie, PA 16507
$185,000
5
9
8,736
11,325
1132 East Lake Road, Erie, PA 16507
–
–
2
1,848
3,764
1136 46 East Lake Road, Erie, PA 16507
–
–
–
8,736
8,054
1130 East Lake Road, Erie, PA 16507
$35,000
–
2
1,936
3,764
1126 28 East Lake Road, Erie, PA 16507
$5,000
–
2
1,936
3,764

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Agresti Real Estate

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.