2930 CHERRY Street

6-Unit, mixed-use investment package for sale. Comprised of 3 contiguous parcels totaling 0.19± acres. Total of 6,560± SF with 1 commercial unit & 5 residential rentals. 67% occupancy with excellent income history. $54,615 annual income & $42,040 net operating income – offered at $495,000 – 8.5% cap rate based on 2025. Upside potential with below market rents. Unit mix: 911± SF office/storefront, 1 bed/1 bath apartment, 2 bed/1 bath apartment, 3 bed/1 bath single family home & two 3 bed/1 bath apartments. Off-street parking for ±14 with paved parking lot for ±9 and 2 private driveways plus on-street parking. All units are separately metered for gas &/or electric (1 unit all electric). Centrally located just 0.4 miles (3 blocks) from Erie High School & near Peach Street retail/service corridor & bus routes. Zoned Traditional Single Family Development (R-1A) in the City of Erie’s west side. Upside potential with pro forma annual income $70,053, NOI $57,942 & 11.7% cap rate.