Multifamily
Tanglewood
815 E Grandview Blvd, Erie, PA 16504
Listing Price: Request For Offer
Number of Units
206
Occupancy
97.0%
Gross SF
160,368
Investment Overview
Marcus & Millichap is pleased to present Tanglewood, a 204 unit apartment community in Erie, PA.
Tanglewood
Investment Highlights
- Owned and Self-Managed by Out-Of-State Partnership for the Past 20 Plus Years
- Over $157,000 of Organic Revenue Growth by Capturing Current Loss-To-Lease
- Strong Historical Occupancy; Currently 97 Percent
- Many Recent Capital Improvements Including New Roofs, New Boilers (Four of Eight), Replaced Fire Panels And Repaved Parking Lot (2018-2024)
- 68 Percent of Units are Two- Or Three-Bedroom Floor Plans
- Walking Distance to Mercyhurst University and a Short Drive to all of Erie's Major Colleges And Universities - Penn State Behrend, Gannon University, And Lake Erie College Of Osteopathic Medicine (Over 22,750 Total Students & 2,870 Plus Total Employees)
- Less Than 15 Minutes From all of Erie's Major Employers and Medical Centers - UPMC Hamot, AHN St. Vincent Health Center, Erie VA Medical Center, Erie Insurance, And Wabtec (17,650 Plus Total Employees)
- Located in the Millcreek School District
Exclusively Listed By
Broker of Record
Financing By
Listing Price: Request For Offer
Number of Units
206
Occupancy
97.0%
Gross SF
160,368
Investment Highlights
- Owned and Self-Managed by Out-Of-State Partnership for the Past 20 Plus Years
- Over $157,000 of Organic Revenue Growth by Capturing Current Loss-To-Lease
- Strong Historical Occupancy; Currently 97 Percent
- Many Recent Capital Improvements Including New Roofs, New Boilers (Four of Eight), Replaced Fire Panels And Repaved Parking Lot (2018-2024)
- 68 Percent of Units are Two- Or Three-Bedroom Floor Plans
- Walking Distance to Mercyhurst University and a Short Drive to all of Erie's Major Colleges And Universities - Penn State Behrend, Gannon University, And Lake Erie College Of Osteopathic Medicine (Over 22,750 Total Students & 2,870 Plus Total Employees)
- Less Than 15 Minutes From all of Erie's Major Employers and Medical Centers - UPMC Hamot, AHN St. Vincent Health Center, Erie VA Medical Center, Erie Insurance, And Wabtec (17,650 Plus Total Employees)
- Located in the Millcreek School District
Investment Overview
Marcus & Millichap is pleased to present Tanglewood, a 204 unit apartment community in Erie, PA.
Exclusively Listed By
Broker of Record
Financing By
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