435 10Th StErie, PA 16502

  • Mixed-use 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
Mixed-use properties
Property subtype
Other investment properties
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
435 10Th St, Erie, Pennsylvania

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

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].