Income generating multi-unit lakeside property with solid VRBO rental history! Privately tucked away in Woodmere on the Lake association, this upgraded home has a direct and open view of the lake and deeded lake access – ideal for a short-term vacation rental business. Three units include two bedrooms each, a full bath, kitchen and living area. Fourth lower level unit includes one bedroom, full bath, kitchen, living area and laundry room. Current bookings through 2025! Being sold fully furnished – buy and start collecting income immediately. Option to assume current VRBO business reviews. Currently produces $55,000 - $60,000 annually. Don’t miss this incredible cash flow opportunity.
Sold for $390,502
$390,502
11543 Old Lake Rd, North East, PA 16428
7beds
4baths
3,570sqft
Quadruplex, Multi Family, Multi Family
Built in 1973
-- sqft lot
$426,800 Zestimate®
$109/sqft
$1,266 Estimated rent
Home value
$426,800
$401,000 - $457,000
$1,266/mo
Zestimate® history
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$1,266/mo
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$2,644/mo
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Est. payment
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List your homeWhat's special
Zillow last checked: 7 hours ago
Listing updated: October 16, 2024 at 08:45am
Listed by:
Libby Remache (814)899-3005,
Howard Hanna Erie East
Bought with:
Tama Samol, RS320719
Howard Hanna Erie Airport
Source: GEMLS,MLS#: 179940Originating MLS: Greater Erie Board Of Realtors
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
Heating
- Forced Air, Gas
Cooling
- Central Air
Interior area
- Total structure area: 3,570
- Total interior livable area: 3,570 sqft
Property
Features
- Has view: Yes
- View description: Lake
- Has water view: Yes
- Water view: Lake
- Waterfront features: Lake
Lot
- Size: 10,254 sqft
- Dimensions: 119 x 124 x 0 x IRR
- Features: Sloped
Details
- Parcel number: 37009014.0015.00
- Zoning description: R-2
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Fourplex
- Property subtype: Quadruplex, Multi Family, Multi Family
Materials
- Stone, Vinyl Siding
- Roof: Composition
Condition
- Excellent,Resale
- Year built: 1973
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: North East
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $100 annually
Other fees
- Deposit fee: $15,000
Other
Other facts
- Listing terms: Cash
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 10/15/2024 | Sold | $390,502-5.9%$109/sqft |
Source: GEMLS #179940 Report a problem | ||
| 9/18/2024 | Pending sale | $415,000$116/sqft |
Source: GEMLS #179940 Report a problem | ||
| 9/13/2024 | Listed for sale | $415,000+59%$116/sqft |
Source: GEMLS #179940 Report a problem | ||
| 9/23/2020 | Sold | $261,000-19.7%$73/sqft |
Source: GEMLS #151709 Report a problem | ||
| 6/19/2020 | Pending sale | $325,000$91/sqft |
Source: Coldwell Banker Select - Peach #151709 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,958 +2% | $204,090 |
| 2024 | $4,860 +8.3% | $204,090 |
| 2023 | $4,487 +2.6% | $204,090 |
Find assessor info on the county website
Neighborhood: 16428
Nearby schools
GreatSchools rating
- NAEarle C Davis Primary SchoolGrades: K-2Distance: 2.1 mi
- 7/10North East Middle SchoolGrades: 6-8Distance: 2 mi
- 5/10North East High SchoolGrades: 9-12Distance: 1.8 mi
Schools provided by the listing agent
- District: North East
Source: GEMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$426,800
2% more
+$8,536
With Zillow Showcase(estimated)
$435,336
- Pennsylvania
- Erie County
- North East
- 16428
- 11543 Old Lake Rd