3673 West Lake Road

Closed 8/19/24
Closed 8/19/24
Gallery Image 1
Sold
Last Sold Price
$269,900
4 beds3 baths2,130 sqft
3673 W Lake Rd, Erie, PA 16505
Multi FamilyProperty Type
0.32 acresLot Size
1950Year Built
$127/sq ftPrice per sq ft
4 carsParking Spaces

Description

Investors delight! This 3-unit, CASH FLOWING, investment property boasts over a 10% CAP RATE with the current income and expenses at the listed purchase price. Wonderfully located about a mile west of PRESQUE ISLE, this COMMERCIALLY ZONED MU1 listing creates a robust opportunity for local businesses. Front upstairs unit and back detached bungalow dwelling are both NEWLY RENOVATED. The bungalow dwelling in the back has a NEW METAL ROOF and FENCED IN BACKYARD as well. Add this PROVEN and VERSATILE...Investors delight! This 3-unit, CASH FLOWING, investment property boasts over a 10% CAP RATE with the current income and expenses at the listed purchase price. Wonderfully located about a mile west of PRESQUE ISLE, this COMMERCIALLY ZONED MU1 listing creates a robust opportunity for local businesses. Front upstairs unit and back detached bungalow dwelling are both NEWLY RENOVATED. The bungalow dwelling in the back has a NEW METAL ROOF and FENCED IN BACKYARD as well. Add this PROVEN and VERSATILE investment property to your portfolio before it's too late! Call today!
  • Listed by: Samuel Sweny 814.923.7330 sam@tryagresti.com • Agresti Real Estate
Listing closed: 08/19/2024 12:00 AM • Source: Greater Erie Board of REALTORS, MLS#: 177397

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Recent comparable sales

Median sold price

$295,000

Avg days on market

30

Sale-to-list ratio

99.7%

Erie, PA

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Property Information for 3673 West Lake Road

Property Details
  • Taxes: $3,351 / year
  • MLS Type: Residential Income / Multi Family
  • County: Erie County
  • Architectural Style: See Remarks
  • Zoning Description: MU
Building Information
  • Residences: 3
  • Year Built: 1950
  • Lot Size: 0.32 AC / 13,921 SF
Summary
Location and General Information
  • Directions: NORTH ON POWELL AVE TO W LAKE RD - EAST ON WESTLAKE RD - 3673 W LAKE RD
  • Latitude: 42.097943
  • Longitude: -80.167772
  • MLS Area Major: 5 - Millcreek N of W26
  • Township: Millcreek Township
Taxes and HOA
  • Parcel Number: 33-018-083.0-003.00
  • Tax Annual Amount: $3,351.00
  • Tax Assessed Value: $125,210
  • Tax Year: 2024
School Information
  • Elementary School District: Millcreek
  • High School District: Millcreek
  • Middle or Junior School District: Millcreek
Parking
  • Parking Total: 4.0
Property
Lot Information
  • Lot Features: Flat
  • Lot Size Acres: 0.3196
  • Lot Size Area: 0.3196
  • Lot Size Dimensions: 60x227x0x0
  • Lot Size Units: Acres
  • Road Surface Type: Paved
Property and Assessments
  • Building Area Total: 2130.0
  • Living Area: 2130.0
  • Living Area Source: Appraiser
  • Year Built: 1950
Building Features
  • Construction Materials: Frame, Vinyl Siding
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Total Bathrooms: 3
  • Total Bedrooms: 4
  • Cooling: None
  • Has Cooling: No
  • Heating: Forced Air, Gas
  • Has Heating: Yes
Exterior Features
  • Roof: Asphalt, Metal
Multi Family
Multi Family Information
  • Number of Units In Community: 3
  • Total Number of Units: 3
Income & Expenses
  • Gross Income: $37,500.00
  • Insurance Expense: $1,900.00
  • Maintenance Expense: $1,300.00
  • Net Operating Income: $27,469.00
  • Water Sewer Expense: $1,560.00
Unit Information
Unit 1
  • Actual Rent: $1,700.00
  • Actual Rent Range: 1700
  • Area: 660.0
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • Description: Furnished,Range/Oven,Refrigerator
  • Occupant Type: Occupied
Unit 2
  • Actual Rent: $675.00
  • Actual Rent Range: 675
  • Area: 570.0
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • Occupant Type: Occupied
Unit 3
  • Actual Rent: $750.00
  • Actual Rent Range: 750
  • Area: 840.0
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Description: Laundry
  • Occupant Type: Occupied
Rental
Rent Information
  • Security Deposit: $5,000.00

Property History for 3673 West Lake Road

DateEvent & SourcePriceAppreciation
Aug 19, 2024

Sold

Greater Erie Board of REALTORS #177397

$269,900—
Jul 9, 2024

Sold (Public Record)

Public Record #1540172839

$269,900

+38.7% / yr

Jun 11, 2024

Pending

Greater Erie Board of REALTORS #177397

—
DateEvent & SourcePrice
08/19/2024

Sold

Greater Erie Board of REALTORS #177397

$269,900
07/09/2024

Sold (Public Record)

Public Record #1540172839

$269,900

+38.7% / yr

06/11/2024

Pending

Greater Erie Board of REALTORS #177397

—

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

Public Records for 3673 West Lake Road

Taxable ValueLand$21,900Additions$103,310Total$125,210
Tax Record2026$3,567 ($297 / month)
Home Facts
Baths2Total Finished SqFt1,470 SqFtAbove Grade Finished SqFt1,470 SqFtStories1Lot Size13,922 SqFtStyleMulti-Family Dwelling (2-4)Year Built1940Year Renovated1940ZoningARCountyERIEAPN33-018-083.0-003.00

Schools near 3673 West Lake Road

This home is within Millcreek Township School District.
Rating
School
Type
Grades
Distance
Tracy El School
Public - K to 5
Westlake Middle School
Public - 6 to 8
McDowell High School
Public - 9 to 12
Rating
School
Distance
Tracy El School
PublicK to 5

Westlake Middle School
Public6 to 8

McDowell 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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 3673 West Lake Road, Erie, PA 16505
$269,900
4
3
2,130
13,921
3681 West Lake Road, Erie, PA 16505
$90,000
–
3
2,960
8,281
3685 West Lake Road, Erie, PA 16505
$30,000
3
1.5
1,406
13,856
3665 West Lake Road, Erie, PA 16505
$650,000
–
–
529
41,199
3674 West Lake Road, Erie, PA 16505
–
–
–
3,228
3,463
3676 80 West Lake Road, Erie, PA 16505
–
–
4.5
2,842
13,199

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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.