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$99,900   Price Analysis
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131 Waterford St
Edinboro, PA 16412
4 bed 2 bath 1,468 SqFt ($68/SqFt)
4,086SqFt lot. Built 1930
Listed 2023-07-13, Taxes $2,150
USDA Eligible
near Edinboro, PA
 

Looking for a solid money-making investment property? This two unit has had a extraordinary rental history.

* No Longer For Sale *
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Both units offer 2 Bedrooms, 1 Bath. Located in downtown Edinboro and close to Penn West/Edinboro University and Edinboro Lake. Separate utilities for each unit. Tenants pay gas and electric. 1st floor $665 per month, 2nd Floor $590 per month.

1st Floor, LR 13x13, K 11x12'6, BR 11'x12'6, BR 8x13'6 (Lease 8/1/23-8/1/24) 2nd Floor LR 9'6 x 10, K 8'6x10', BR 10x13, BR 10x10 (Lease 5/1/23-4/30/24) 24 hr notice required for showings. This property is eligible for participation in the Edinboro Block Grant with matching funds fr exterior facade improvements up to $5, 000.


Presented by Carol Walker Johnson, Associate Broker at
RE/MAX Real Estate Group .
Listing Agent Photo

Property MLS #170087 from Erie

Bedrooms: 4

Total Bathrooms: 2
Full Bathrooms: 2

Heating Features: ForcedAir, Gas
Heating: Yes

Lot Description: CornerLot
Lot Size Acres: 0.0938
Lot Size Dimensions: 93x118x0x0
Lot Size Square Feet: 4086

Road Surface Type: Paved

Association: No
Calculated Total Monthly Association Fees: 0
Maintenance Expense: 275

Elementary School District: General McLane
High School District: General McLane
Middle or Junior School District: General McLane

Edinboro El School is a public elementary school located approximately 1.1 miles away.
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James W Parker Middle School is a public elementary and middle school located approximately 2.8 miles away.
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General Mclane High School is a public high school located approximately 2.9 miles away.
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Number of Units In Community: 2
Number of Units: 2

Gross Income: 15060
Security Deposit: 5000

Annual Tax Amount: 2150
Source Listing Status: Closed
County: Erie
Directions: NW Corner of Waterford Street and Route 6N. Current tenant worked out an agreement with a commercial property to park their car.
Tax Year: 2023
Source Property Type: ResidentialIncome
Insurance Expense: 800
Area: 11 - Edin/Frkln Twp/Mckean Twp & Boro/Wash Twp
Source Neighborhood: 11 - Edin/Frkln Twp/Mckean Twp & Boro/Wash Twp
Parcel Number: 11-011-035.0-007.02
Postal City: Edinboro
Township: Edinboro
Zoning: R-2
Zoning Description: R-2
Property Subtype: MultiFamily
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2023$64,900 + $23,600
$88,500
$2,150
2022$64,900 + $23,600
$88,500
$2,097
2021$64,900 + $23,600
$88,500
$2,074
2020$64,900 + $23,600
$88,500
$2,052
2019$64,900 + $23,600
$88,500
$2,040
2018$64,900 + $23,600
$88,500
$2,003
2017$64,900 + $23,600
$88,500
$2,003
2016$64,900 + $23,600
$88,500
$1,966
2015$64,900 + $23,600
$88,500
$1,919
2014$64,900 + $23,600
$88,500
$1,890
2013$64,900 + $23,600
$88,500
$2,078
2012$56,000 + $20,000
$76,000
$1,912
2011$56,000 + $20,000
$76,000
$1,893
2010$56,000 + $20,000
$76,000
$1,874
2009$56,000 + $20,000
$76,000
$1,421
2008$56,000 + $20,000
$76,000
$1,809

Sold 2024-07-18
$80,000
Erie
Price Changed 2023-09-07
$99,900
Erie
Listed 2023-07-13
$110,000
Erie
Listing removed 2022-02-17
$114,900
Erie
Listing removed 2021-02-13
$117,900
Erie
Listed 2019-03-05
$117,900
Erie
Sold 1988-06-08
$29,500
Public Record
Sold 1988-06-07
$29,500
Public Record
Sold 1977-02-28
$26,500
Public Record

Net Operating Income: 10358

Total Square Feet Living: 1468
Year Built: 1930
Building Area Total: 1468
Construction Materials: AluminumSiding
Levels: Two
Living Area Source: Assessor
Property Age: 94
Property Condition: AverageCondition, Resale
Roof: Composition
Levels or Stories: 2
Architectural Style: TwoStory

Sewer: PublicSewer
Water Sewer Expense: 1419
Water Source: Public

The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.