Last Sold Price
7 beds9 baths3,128 sqft$83/sqft
5940 E Lake Rd, Erie, PA 16511

Description

11 units total - 2 one bedroom, 8 efficiencies , garage, common laundry area. House on property has potential to become 3 units and is currently taken down to bare walls. Great rental history with long term tenants. Well kept property with low maintenance exterior.11 units total - 2 one bedroom, 8 efficiencies , garage, common laundry area. House on property has potential to become 3 units and is currently taken down to bare walls. Great rental history with long term tenants. Well kept property with low maintenance exterior.
LISTING CLOSED: 06/26/2024 12:00 AM

  1. Listed by Catherine Fox • Coldwell Banker Select - Airport
    P: (814)-450-6593 C: (814)-450-6593 catherinefox@eriemoves.com

Property Details for 5940 East Lake Road

Status
MLS #
175878
Days on Market
5
Taxes
$4,233 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential Income / Multi Family
Year Built
1950
Lot Size
0.52 AC / 22,651 SF
Architectural Style
One Story
Zoning Description
C

Location

Listing Courtesy of Coldwell Banker Select - Airport

Sold By Coldwell Banker Select - Airport

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Building Information for 5940 East Lake Road

Stories1Residences9Year Built1950Building Size-Lot Size0.52 AC / 22,651 SF

Payment Calculator

$1,674 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,322

Property Taxes

$353

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 5940 East Lake Road

Summary
Location and General Information
  • Directions: E Lake Road between Irvine Dr & Troupe Rd
  • Latitude: 42.177879
  • Longitude: -79.979326
  • MLS Area Major: 15 - Harborcrk/Wesleyvill/Law Pk
  • Township: Harborcreek Township
Taxes and HOA
  • Parcel Number: 27-020-008.0-056.00
  • Tax Annual Amount: $4,233.00
  • Tax Assessed Value: $156,800
  • Tax Year: 2024
School Information
  • Elementary School District: Harborcreek
  • High School District: Harborcreek
  • Middle or Junior School District: Harborcreek
Parking
  • Garage Spaces: 1.0
  • Garage: Yes
  • Parking Features: Attached
  • Parking Total: 11.0
Property
Lot Information
  • Lot Size Acres: 0.52
  • Lot Size Area: 0.52
  • Lot Size Dimensions: 110x207x0x0
  • Lot Size Units: Acres
  • Road Surface Type: Paved
Property and Assessments
  • Building Area Total: 3128.0
  • Living Area: 3128.0
  • Living Area Source: Assessor
  • Property Condition: Excellent, Resale
  • Year Built: 1950
Building Features
  • Construction Materials: Block
  • 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: Metal, Rubber
  • Stories: 1
Multi Family
Multi Family Information
  • Number of Units In Community: 10
  • Total Number of Units: 9
Income & Expenses
  • Gross Income: $56,700.00
  • Net Operating Income: $27,999.00
  • Other Expense: $1,500.00
  • Water Sewer Expense: $3,600.00
Unit Information
Unit 1
  • Actual Rent: $475.00
  • Actual Rent Range: 475
  • Area: 150.0
  • Total Bathrooms: 2
  • Occupant Type: Occupied
Unit 2
  • Actual Rent: $100.00
  • Actual Rent Range: 100
  • Description: Garage
  • Occupant Type: Vacant
Unit 3
  • Actual Rent: $475.00
  • Actual Rent Range: 475
  • Area: 150.0
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • Occupant Type: Occupied
Unit 4
  • Actual Rent: $475.00
  • Actual Rent Range: 475
  • Area: 150.0
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • Occupant Type: Occupied
Unit 5
  • Actual Rent: $475.00
  • Actual Rent Range: 475
  • Area: 150.0
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • Occupant Type: Occupied
Unit 6
  • Actual Rent: $475.00
  • Actual Rent Range: 475
  • Area: 150.0
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • Occupant Type: Occupied
Unit 7
  • Actual Rent: $475.00
  • Actual Rent Range: 475
  • Area: 150.0
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • Occupant Type: Occupied
Unit 8
  • Actual Rent: $650.00
  • Actual Rent Range: 650
  • Area: 300.0
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • Description: Efficiency
  • Occupant Type: Occupied
Unit 9
  • Actual Rent: $650.00
  • Actual Rent Range: 650
  • Area: 300.0
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • Description: Efficiency,Range/Oven,Refrigerator
  • Occupant Type: Occupied
Rental
Rent Information
  • Security Deposit: $10,000.00

Property History for 5940 East Lake Road

DateEvent & SourcePriceAppreciation
Jun 26, 2024

Sold

Greater Erie Board of REALTORS #175878

$260,000
Jun 25, 2024

Sold (Public Record)

Public Record #1536113223

$260,000

+11.8% / yr

May 4, 2024

Pending

Greater Erie Board of REALTORS #175878

DateEvent & SourcePrice
06/26/2024

Sold

Greater Erie Board of REALTORS #175878

$260,000
06/25/2024

Sold (Public Record)

Public Record #1536113223

$260,000

+11.8% / yr

05/04/2024

Pending

Greater Erie Board of REALTORS #175878

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

Public Records for 5940 East Lake Road

Taxable ValueLand$78,700Additions$78,100Total$156,800
Tax Record2026$4,539 ($378 / month)
Home Facts
Total Finished SqFt1,120 SqFtAbove Grade Finished SqFt1,120 SqFtStories1Lot Size22,769 SqFtStyleMulti-Family Res (5+ Units)Year Built1950Year Renovated1950ZoningB2CountyERIEAPN27-020-008.0-056.00

Schools near 5940 East Lake Road

This home is within Harbor Creek School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - K to 6
Rating
School
Distance
Klein El School
PublicK to 6

Harbor Creek Junior High School
Public7 to 8

Harbor Creek Senior High School
Public9 to 12

Rolling Ridge El School
PublicK to 6

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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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 - Airport

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