4131 W Lake Rd

9
Baths
6,162 Sq. Ft.
$52 / Sq. Ft.
6,162
Sq. Ft.
$52
per Sq. Ft.

Description

8 UNIT INVESTMENT PROPERTY. 100% Occupancy in this "Money-Maker". This property consists of 3 buildings that make up 8 units. A house, a single unit and a building with 4 units. Off street parking available.8 UNIT INVESTMENT PROPERTY. 100% Occupancy in this "Money-Maker". This property consists of 3 buildings that make up 8 units. A house, a single unit and a building with 4 units. Off street parking available.
  1. Listed by Jennifer Purpura • Coldwell Banker Select - Peach
    P: (814)-323-5325 C: (814)-323-5325 jennp@eriemoves.com

Property Details for 4131 West Lake Road

Architectural Style
See Remarks
Zoning Description
R-1
LISTING CLOSED: 03/05/2021 12:00 AM

Property Details for 4131 West Lake Road

StatusClosed
MLS #155235
Days on Market3
Taxes$5,676 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built1938
Lot Size0.67 AC / 29,119 SF
CountyErie County

Location

Listing Courtesy of Coldwell Banker Select - Peach

Sold By Joe Herbert Realty

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Building Information for 4131 West Lake Road

Stories-Residences8Year Built1938Building Size-Lot Size0.67 AC / 29,119 SF

Payment Calculator

$2,100 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,627

Property Taxes

$473

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 4131 West Lake Road

Summary
Location and General Information
  • Directions: West Lake Rd (Rte 5) and Grant Street
  • Latitude: 42.091698
  • Longitude: -80.177703
  • MLS Area Major: 5 - Millcreek N of W26
  • Township: Erie
Taxes and HOA
  • Parcel Number: 33-019-101.0-004.00
  • Tax Annual Amount: $5,676.00
  • Tax Assessed Value: $238,800
  • Tax Year: 2020
School Information
  • Elementary School District: Millcreek
  • High School District: Millcreek
  • Middle or Junior School District: Millcreek
Parking
  • Parking Total: 8.0
Property
Lot Information
  • Lot Features: Corner Lot, Landscaped, Level
  • Lot Size Acres: 0.6685
  • Lot Size Area: 0.6685
  • Lot Size Dimensions: 72x392x0x0
  • Lot Size Units: Acres
  • Road Surface Type: Paved
Property and Assessments
  • Building Area Total: 6162.0
  • Living Area: 6162.0
  • Living Area Source: Assessor
  • Property Condition: Average Condition, Resale
  • Year Built: 1938
  • Year Built Details: Actual
Building Features
  • Construction Materials: Brick, Vinyl Siding
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Total Bedrooms: 10
  • Cooling: None
  • Has Cooling: No
  • Heating: Forced Air, Gas
  • Has Heating: Yes
Exterior Features
  • Roof: Composition
Multi Family
Multi Family Information
  • Number of Units In Community: 8
  • Total Number of Units: 8
Income & Expenses
  • Gross Income: $48,000.00
  • Insurance Expense: $1,500.00
  • Other Expense: $1,899.00
  • Water Sewer Expense: $4,247.00
Unit Information
Unit 1
  • Actual Rent: $525.00
  • Total Bathrooms: 1
  • Total Bedrooms: 1
Unit 2
  • Actual Rent: $475.00
  • Total Bathrooms: 1
  • Total Bedrooms: 1
Unit 3
  • Actual Rent: $465.00
  • Total Bathrooms: 1
Unit 4
  • Actual Rent: $500.00
  • Total Bathrooms: 1
Unit 5
  • Actual Rent: $485.00
  • Total Bathrooms: 1
  • Total Bedrooms: 2
Unit 6
  • Actual Rent: $375.00
  • Total Bathrooms: 1
Unit 7
  • Actual Rent: $500.00
  • Total Bathrooms: 1
  • Total Bedrooms: 1
Unit 8
  • Actual Rent: $675.00
  • Total Bathrooms: 2
  • Total Bedrooms: 3
Rental
Rent Information
  • Security Deposit: $5,000.00

Property History for 4131 West Lake Road

DateEvent & SourcePriceAppreciation
Mar 5, 2021

Sold

Greater Erie Board of REALTORS #155235

$320,000
Mar 3, 2021

Sold (Public Record)

Public Record #694828335

$320,000
Mar 3, 2021

Sold (Public Record)

Public Record #1456969262

$320,000
DateEvent & SourcePrice
03/05/2021

Sold

Greater Erie Board of REALTORS #155235

$320,000
03/03/2021

Sold (Public Record)

Public Record #694828335

$320,000
03/03/2021

Sold (Public Record)

Public Record #1456969262

$320,000

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

Public Records for 4131 West Lake Road

Taxable ValueLand$104,800Additions$134,000Total$238,800
Tax Record2026$6,802 ($567 / month)
Home Facts
Total Finished SqFt3,891 SqFtAbove Grade Finished SqFt3,891 SqFtUnfinished Basement SqFt1,380 SqFtStories3Lot Size29,120 SqFtStyleTriplexYear Built1938Year Renovated1938ZoningARCountyERIEAPN33-019-101.0-004.00

Schools near 4131 West Lake Road

This home is within Millcreek Township School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
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: 4131 West Lake Road, Erie, PA 16505
$320,000
10
9
6,162
29,119
3
1
1,198
14,723
$111,000
3
1,171
14,157
$85,000
3
1,320
4,573
$103,000
2
1
1,040
8,416
3
1
1,293
7,619

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 - Peach

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.