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32238873
32238867

2926 STATE Street, Erie, PA 16508 For Sale

JB
PA PA RM426122, NY NY 10401341649
Keller Williams Realty Erie
Listed by Keller Williams Realty Erie
$350,000
78 days on market
Updated 30 days ago

2926 STATE Street

Details
APN 18-050-091.0-300.00
Property Type Multifamily, Business for Sale
Sub Type Single Family Rental Portfolio, Apartment Building (+1)
Square Footage 3,113
Units 1
Beds 5
Cap Rate 17.14%
NOI $60,000
Tenancy Single
Pro-Forma Cap Rate 17.14%
Pro-Forma NOI $60,000
Price per SqFt $112
Year Built 1928
Acreage 0.100
Zoning RLB
Parking Spaces 4 spaces
Parking per 1,000 SqFt 1.28
Investment Type Stabilized
Ground Lease No

The State Street Retreat And Game Room

Marketing description

At $112/sq ft it is priced to sell just with that but with income hitting nearly $70,000 that makes it impossible to match. Stunning and fully renovated, this spacious home offers over 3,100 square feet of beautifully finished living space just minutes from Center City Erie. Every detail has been thoughtfully updated with top-quality materials and craftsmanship, blending modern style with timeless comfort. The layout features a designer kitchen with high-end appliances and elegant countertops, flowing seamlessly into large living and dining areas perfect for entertaining. Generously sized bedrooms and updated baths provide space and flexibility for families, guests, or short-term rental opportunities. This home is ideal as a luxurious personal residence or an income-generating Airbnb as it is currently being used. Additional finished living spaces have been added making this a home or investment for generations.

Investment highlights

Highly sought after STR located in easy driving distance to downtown, bayfront, bay, and all major highways. With the new renovations and game room, it is highly rated with guests, and commands top dollar for all stays regardless of season.

Listing Contacts

JB
PA PA RM426122, NY NY 10401341649
Keller Williams Realty Erie
Listed by Keller Williams Realty Erie

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$60,000.00
$5,000.00/mo

Valuation Metrics

0
DSCR
17.14%
Cap Rate
17.14%
ROI

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Additional Information

Name
Jim Barbour
License
PA RM426122
Brokerage
KW Commercial at KW Flagship Realty
Brokerage Phone
814-833-9500
Title
Broker of Record
Brokerage Address
4934 Peach Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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