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Property Description

Great Investment Opportunity – Updated Stone Duplex with Strong Rental Income. Don’t miss out on this downtown Sandusky duplex offering excellent cash flow and long-term stability. The lower unit features 3 spacious bedrooms and is rented for $1,200/month. Upper unit includes 2 bedrooms,2 Baths and rents for $995/month. Both units were tastefully updated about 5 years ago and have been well maintained. These desirable units are easy to rent and currently occupied with Section 8 tenants. Tenants pay their own electric. Owner is responsible for water, gas, and garbage. With a net annual income of just under $18,000, this property delivers an attractive 10% cap rate at current rents. Whether you’re expanding your portfolio or looking for your first multifamily investment, this property is a solid choice. Seller is selling portfolio of 3 SFR’s and 2 Duplexes. If interested in the entire portfolio, more properties could be added.

Features
: No
Address Map
US
Erie
Sandusky
44870
Franklin
516
Street
E0° 0' 0''
N0° 0' 0''
MLS Addon
Berkshire Hathaway HomeServices Pro. - Sandusky
Jeffrey S Smith
: Duplex
JSSMITH
1705
5601113000
N/A
: Sandusky

Multiple Units For Sale

516 Franklin Street, Sandusky, 44870

2,492 Sqft
$179,900
Listing ID #20252256
Basic Details
Property Type : Multiple Units
Listing Type : For Sale
Listing ID : 20252256
Price : $179,900
Square Footage : 2,492 Sqft
Year Built : 1896
Lot Area : 5,149 Sqft
Status : Active
Agent info
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