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31353239
31353235

3400 Francis St, Erie, PA 16510

JS
PA PA RS.318016, PA
Agresti Real Estate
Listed by Agresti Real Estate
$899,900
74 days on market
Updated 2 days ago

3400 Francis St

Details
APN 50-002-041.0-042.01
Property Type Multifamily
Sub Type Apartment Building
Square Footage 9,120
Units 12
Cap Rate 7.35%
NOI $66,100
Occupancy 100%
Pro-Forma Cap Rate 9.75%
Pro-Forma NOI $87,700
Price per SqFt $106
Year Built 1979
Buildings 2
Stories 2
Acreage 0.290
Zoning R-3

Multifamily | 12 Units | $74,992/unit

Marketing description

Discover a rare 12-unit investment opportunity tucked away on a quiet dead-end street in Wesleyville Borough, located within the highly desirable Iroquois School District. This well-maintained, family-owned asset offers massive cash flow potential with strong in-place fundamentals and clear upside. The property features oversized 1-bedroom, 1-bath units with full kitchens, spacious living rooms, private balconies, and A/C in each unit. Tenants pay all utilities except sewer and garbage, keeping expenses low with separately metered systems throughout. Positioned with peaceful creek views and off-street parking, the setting delivers both tenant appeal and long-term stability. This is a true sleeper—rarely do properties like this hit the market. Whether you're looking to expand your portfolio or step into a high-performing asset, this is your chance to unlock serious value.

Listing Contacts

JS
PA PA RS.318016, PA
Agresti Real Estate
Listed by Agresti Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$66,100.00
$5,508.33/mo

Valuation Metrics

0
DSCR
7.35%
Cap Rate
7.35%
ROI

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Additional Information

Name
Jake Scheloske
License
PA RS.318016
Brokerage
Agresti Real Estate
Title
VP of Sales
Brokerage Address
2635 West 26th Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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