3082 W 12th St, Erie, PA, 16505

About This Home

Excellent 14-unit value-add opportunity in a prime Millcreek location near the Peninsula corridor! The property includes 2 buildings: a single-story 6-unit building & a two-story 8-unit building, with 12 one-bedroom apartments & 2 efficiencies. Current rents are well below market, creating substantial upside through strategic rent growth, improved management & potential coin-operated laundry income. Improvements include an approximately 12-year-old roof with 35+ year shingles, mostly newer windows & exterior doors, & two functional boilers operating together as one system. Additional land may offer future storage, parking, development or expansion potential, subject to approvals. Located minutes from Presque Isle State Park, Lake Erie beaches, Waldameer, Erie International Airport, shopping & dining. The highly desirable MU-2 Corridor Mixed Use zoning is a major advantage, offering broad flexibility and significant potential for future development, redevelopment or a change of use.