916 W 11th St
Erie, PA 16502
6
Bedrooms
3
Bathrooms
2,680
Sq Ft
1899
Year Built
About This Property
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
Property Details
Property Type
Multi-Family
Year Built
1899
HOA
None
Listed Price
$124,770
Owner Financing Terms
Why Owner Financing?
- ✓ No bank qualifying
- ✓ Bad credit OK
- ✓ Fast closing
- ✓ Flexible terms
Free account - No credit card required
Frequently Asked 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. This property in Erie, PA is available with owner financing terms.
Do I need good credit for owner financing?
No! One of the biggest advantages of owner financing is that you typically don't need to qualify through a bank. This makes it possible to buy a home even with bad credit, no credit history, or self-employment income that's hard to document.
How much is the down payment for this Erie home?
Down payment terms are negotiable. Sign up for free to get the specific financing details for this Erie property.