4040 W Lake Rd

Erie, PA 16505

$485,000
Last Sold Price
—
Beds
—
Baths
9,725 Sq. Ft.
$50 / Sq. Ft.
9,725
Sq. Ft.
$50
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Closed 12/27/07
Closed 12/27/07

Description

Four Parcels, Includes 33-019-001.0-154.04, 154.05. Commercial Duplex, Two Duplex And One Triplex. All Buildings In Excellent Condition. Tenant Pays All Utilities. Call Agent For Financial Details And Showings. Over 9 1/2% Rate Of Return On Investment. Owner Will Consider Selling Commercial Building Separately.Four Parcels, Includes 33-019-001.0-154.04, 154.05. Commercial Duplex, Two Duplex And One Triplex. All Buildings In Excellent Condition. Tenant Pays All Utilities. Call Agent For Financial Details And Showings. Over 9 1/2% Rate Of Return On Investment. Owner Will Consider Selling Commercial Building Separately.
  1. Listed by David Yonkers • Coldwell Banker Select - Commercial
    P: (814)-833-3331

Property Details for 4040 West Lake Road

Architectural Style
One Story
Zoning Description
B-BUS
LISTING CLOSED: 12/27/2007 12:00 AM

Property Details for 4040 West Lake Road

StatusClosed
MLS #88886
Days on Market74
Taxes$7,783 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built1966
Lot Size1.18 AC / 51,400 SF
CountyErie County
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Location

Listing Courtesy of Coldwell Banker Select - Commercial

Sold By Howard Hanna

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Building Information for 4040 West Lake Road

Stories1Residences4Year Built1966Building Size-Lot Size1.18 AC / 51,400 SF

Payment Calculator

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$3,114 per month

30 year fixed, 6.55% Interest

Principal and Interest

$2,465

Property Taxes

$649

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 4040 West Lake Road

Summary
Location and General Information
  • Directions: North Side Of West Lake Road, East Of Montpelier Avenue.
  • Latitude: 42.093125
  • Longitude: -80.176199
  • MLS Area Major: 5 - Millcreek N of W26
Taxes and HOA
  • Parcel Number: 33-019-001.0-153.00
  • Tax Annual Amount: $7,783.00
  • Tax Assessed Value: $361,140
  • Tax Year: 2007
Parking
  • Parking Total: 20.0
Property
Lot Information
  • Lot Size Acres: 1.18
  • Lot Size Area: 1.18
  • Lot Size Dimensions: 336x130x0x0
  • Lot Size Units: Acres
Property and Assessments
  • Building Area Total: 9725.0
  • Living Area: 9725.0
  • Year Built: 1966
Building Features
  • Construction Materials: Mixed
  • Levels: One
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Cooling: None
  • Has Cooling: No
  • Heating: Forced Air, Gas
  • Has Heating: Yes
Exterior Features
  • Roof: Asphalt
  • Stories: 1
Multi Family
Multi Family Information
  • Number of Units In Community: 4
Income & Expenses
  • Gross Income: $62,700.00
  • Insurance Expense: $1,000.00
  • Maintenance Expense: $4,000.00
  • Net Operating Income: $48,718.00
  • Other Expense: $1,200.00
Rental
Rent Information
  • Security Deposit: $20,000.00

Property History for 4040 West Lake Road

DateEvent & SourcePriceAppreciation
Dec 27, 2007

Sold

Greater Erie Board of REALTORS #88886

$485,000—
Oct 28, 2007

Pending

Greater Erie Board of REALTORS #88886

—
Aug 15, 2007

Listed (Active)

Greater Erie Board of REALTORS #88886

$500,000—
DateEvent & SourcePrice
12/27/2007

Sold

Greater Erie Board of REALTORS #88886

$485,000
10/28/2007

Pending

Greater Erie Board of REALTORS #88886

—
08/15/2007

Listed (Active)

Greater Erie Board of REALTORS #88886

$500,000

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

Public Records for 4040 West Lake Road

Taxable ValueLand$21,700Additions$127,540Total$149,240
Tax Record2022$1,420 ($118 / month)
Home Facts
Baths2Total Finished SqFt1,566 SqFtAbove Grade Finished SqFt1,566 SqFtStories1Lot Size12,602 SqFtStyleMulti-Family Dwelling (2-4)Year Built1966ZoningABCountyERIEAPN33-019-001.0-154.05

Schools near 4040 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: 4040 West Lake Road, Erie, PA 16505
$485,000
–
–
9,725
51,400
4040 42 West Lake Road, Erie, PA 16505
$150,000
–
2
1,566
12,602
4036 West Lake Road, Erie, PA 16505
–
4
2.5
3,522
6,499
4037 Chilton Court, Unit 39, Erie, PA 16505
–
–
2
1,566
23,270
4046 48 West Lake Road, Erie, PA 16505
$150,000
–
2
1,566
13,125
4030 West Lake Road, Erie, PA 16505
–
–
–
1,704
11,252

Explore Nearby Homes

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 Coldwell Banker Select - Commercial

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.