435 10Th StErie, PA 16502
- Investment properties
- 11,568 SF
For Sale
$795,000
View listing
Property Details for 435 10Th St
- Year built
- 1969
- Construction
- WOOD
- Lot size
- 0.31 AC
- Property size (Sq ft)
- 11,568 SF
- Zone code
- RLB
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 16-030-024.0-214.00
- APU
- 16030024021400
Description
This exceptional 9-unit mixed-use investment property in Erie, PA, presents a compelling opportunity. The 11,568 square foot building, constructed in 1969, sits on a 0.313-acre lot zoned RLB (Residential Limited Business). It comprises eight 2-bedroom, 1-bathroom apartments, each approximately 964 square feet, featuring a living room, kitchen/dining area, and full bathroom. Appliances include a range, refrigerator, and dishwasher. Six of the nine tenants pay separately metered electric
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $2,081,082
- 6.5%
- $1,920,999
- 7%
- $1,783,785
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,082,071
- Geo Method
- $1,082,071
-
Alternative Use
- Use
- Valuation
- Residential
- $2,382,039
- Hospitality
- $2,181,935
- Educational
- $1,815,344
- Medical
- $1,877,776
- Retail
- $2,823,868
Location Insight
- City
- Erie
- County
- Erie
- State
- Pennsylvania
- Latitude
- 42.1216
- Longitude
- -80.0922
- CBSA code
- 21500
- CBSA name
- ERIE, PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$9,461
$27,300
$221,400
$248,700
-
$27,300
$221,400
$248,700
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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