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Properties

Property Description

Opportunity knocks in the heart of Sandusky! Check out this updated 3-unit property located on desirable McKinley Street perfectly positioned between Cedar Point and Downtown Sandusky, offering strong rental appeal and convenience.This property has been extensively updated within the last 4 years, including roof, vinyl siding, many windows, updated kitchens with cabinets and countertops, electrical improvements, flooring, and more giving peace of mind to the next owner.Strong income producing property with approximately $27,600 in annual gross rents and an estimated NOI of $19,600. Based on market pricing, this property has the potential to deliver an attractive cap rate of about 10% range, at this purchase price.The layout features two 1-bedroom units on the main level and a spacious 2-bedroom unit upstairs, providing a solid mix for rental income. Electric is separately metered, while gas and water are shared. One furnace services the property. Due to tenant privacy, currently no interior photos are provided.Outside, you’ll find a large backyard ideal for tenants to enjoy or for future value-add opportunities.Whether you’re looking to expand your portfolio or step into your first multi-family investment, this property checks the boxes with updates, location, and income potential.

Features
Waterfront:
No
Address Map
Country:
US
County:
Erie
City:
Sandusky
Zipcode:
44870
Street:
McKinley
Street Number:
1410
Street Suffix:
Street
Longitude:
E0° 0' 0''
Latitude:
N0° 0' 0''
MLS Addon
Office Name:
Berkshire Hathaway HomeServices Pro. - Sandusky
Agent Name:
Jeffrey S Smith
Property Subtype 1:
3-4 Units
Listing Agent MLS ID:
JSSMITH
Listing Office MLS ID:
1705
Parcel ID:
5700762000
Area:
N/A
School System:
Sandusky

Multiple Units For Sale

1410 McKinley Street, Sandusky, 44870

1,875 Sqft
$199,900
Listing ID #20261167
Basic Details
Property Type :
Multiple Units
Listing Type :
For Sale
Listing ID :
20261167
Price :
$199,900
Square Footage :
1,875 Sqft
Year Built :
1930
Lot Area :
9,701 Sqft
Status :
Active
Agent info
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