8946 Main St Mc Kean, PA 16426-1461
- Garden apartment buildings
- 23,104 SF
- 2.28 lot acres
Current Use by Public Records
- Middleboro Commons / Apartment Complex
Property Details for 8946 Main St
- Year built
- 2016
- Construction
- FRAME
- Lot size
- 2.28 lot acres
- Property size
- 23,104 SF
- Zone code
- B
- Property type
- Garden apartment buildings
- APN
- 32-004-004.0-010.00
- APU
- 32004004001000
Description
This exceptional 72-unit apartment building, known as Middleboro Commons, presents a compelling investment opportunity. Located in McKean, Pennsylvania, within Erie County, this property boasts 15,000 square feet situated on a 2.5-acre lot. The building comprises 34 units, each featuring two bedrooms and 1.5 bathrooms, with an average size of 1,150 square feet. Constructed in 2014, Middleboro Commons is exceptionally well-maintained and currently operating at full capacity, eliminating the need for immediate capital expenditures. The property's prime location in the Erie suburbs ensures strong rental demand and consistent cash flow. This is a turnkey investment ready to generate immediate returns. The asking price for this exceptional multifamily asset is $5,400,000. Additional properties are available for purchase individually or as a portfolio. The portfolio includes two other properties, totaling 72 units, offering a significant scale of investment. This presents a rare opportunity to acquire a substantial, high-performing multifamily portfolio in a desirable location. Detailed financial information and property specifics are available upon request.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Mc Kean
- County
- Erie
- State
- Pennsylvania
- Longitude
- -80.1441
- Latitude
- 41.9982
- CBSA code
- 21500
- CBSA name
- ERIE, PA METROPOLITAN STATISTICAL AREA
