6 photos
$124,770
916 W 11th St
Erie, PA 16502
The owner (for sale by owner, no agent). Contact the owner through the original listing.
What the listing says
UNDER CONTRACT- We are only taking back-up offers at this time. If it comes back up on the market, I will renew this listing. Owner Will Finance - Must Sell Bad Credit OK No Bank Needed This cash flow investment is perfect for any landlord or investor wanting great income. The 2 units downstairs have some updates recently. Granite countertope in the 1 bed one bath front unit with a long term tenant paying less than market rents. The back 2 bedroom unit also has a long term tenant who is rarely there. The upstairs 3 bedroom unit is large enough for a big family. The income is over $2600 per month. Our financing with 20% down is only $1,066.00 per month for 15 years, with a balloon in 5 years. The bad - It does need siding on 3 sides. We pay electric and gas on the bottom 2 units. Utilities separated for the upstairs unit. The Good- Large back yard Walk to everything Erie Big Front Porch for quiet evening get togethers. Must have a reasonable downpayment. The metal roof is 5 years old, as well as the 2 funaces
See the original listing ↗This listing mentions owner financing. Terms are set by each seller and are negotiable. The description and numbers come from the listing and Zillow; confirm availability, the price and any financing with the seller or their agent.
Property Details
Property Type
Multi-Family
Lot Size
6,804 sq ft
HOA
None
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Questions about owner financing in Erie
What is owner financing for 916 W 11th St?
Owner financing means the seller of 916 W 11th St acts as the lender. Instead of getting a mortgage from a bank, you make monthly payments directly to the property owner. The listing for this Erie, PA home mentions owner financing; confirm it with the seller.
Do I need good credit for owner financing?
There's no bank approval, but each seller sets their own requirements. Some check credit, income or references; others don't. Ask the seller or their agent what they need.
How much is the down payment for this Erie home?
There is no standard down payment. The seller of this Erie home sets their own, and it is negotiable. Ask the seller or their agent.