4175 W RIDGE Road, Erie, PA 16506
LATEST
78|Townhouse
THB ฿142,296,000
USD $4,200,000
Published on: 09 Feb 2025
Last updated on: 09 Feb 2025
Property ID: 110097269152
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Two Story, Multi Family - Erie, PA
4175 W RIDGE Road, Erie, PA 16506
Rare opportunity to own a 45-unit townhouse complex in highly sought-after Millcreek Township & School District. This well-maintained property includes 33 townhouses, each with 2 bedrooms, full basements, & 1.5 baths in 27 units. Additionally, there are 12 apartments, offering a diverse mix of rental options. Recent improvements include new roofs & gutters (2017), all windows replaced, & ample parking. On-site laundry adds convenience. Current rents for townhouses range from $900-$1000, but based on a market analysis, significant rent growth potential exists—townhouses can easily rent for $1100-$1200, & apartments for $800. With each unit individually metered for gas, electric, and water (tenants pay utilities), the owner only covers sewer & garbage. This property offers incredible cash flow potential & can achieve a 9.62%+ CAP rate based on projected APOD. Prime location close to all amenities makes this a perfect investment! Located by LECOM adds extra premium rent possibilities!
Property Details
Basic Info
Indoor Feature
Outdoor Feature
Basic Info
Property Type
Townhouse
Listing Status
Active
Land Size
10,036.21 m2
Building Size
3,409.17 m2
Year Built
1985
Rooms
78 bedroom(s)
Architecture Style
Other
County
Erie
Parcel ID
33-055-247.0-002.00
Provider
Greater Erie Board of Realtors MLS
Brokerage Office Name
Agresti Real Estate
Brokerage Office Phone
8144599400
Neighbourhoods
6 - Millcreek S of W26
Address
4175 W RIDGE Road, Erie, PA 16506
Tax History
| Year | Tax amount | |
|---|---|---|
| 2025 | USD $55986 | THB ฿1,896,806* |
*Converted price in your currency provided by Open Exchange Rates. Exchange rates are subject to continuous change. Neither thinkofliving.com nor its affiliates guarantee that the conversion reflects current conversion rates and are not responsible for any inaccuracies. thinkofliving.com recommends that you independently verify any information before relying on it.
Contact Agent
Jake Scheloske
Contact Agent
Contact Agent
Email enquiry to Agresti Real Estate
Jake Scheloske
2635 West 26th Street, Erie, PA 16506
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Property ID: 110097269152
Data provided by Greater Erie Board of Realtors MLS, MLS #: 181424
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Copyright © 2025 Greater Erie Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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