Turnkey duplex investment with immediate cash flow in Sandusky! This fully occupied 2-unit property features a 2BR/1BA lower unit and 1BR/1BA upper unit, both with recently renewed leases, providing stable, day-one income.Current net operating income of $25,392 annually delivers strong returns, and at the current list price of $149,900, the property projects an approximate 16+ cap rate – a rare opportunity for both new and seasoned investors.Owner currently pays upper electric along with entire building water, gas, and trash, offering clear upside through expense optimization and increased long-term yield.Proven rental history, strong tenant demand, and a convenient location near downtown amenities make this an ideal addition to any portfolio or a great entry point for investors seeking immediate cash flow with future upside. Owner is licensed agent in Ohio.
- Waterfront:
- No
- Country:
- US
- County:
- Erie
- City:
- Sandusky
- Zipcode:
- 44870
- Street:
- Franklin
- Street Number:
- 903
- Street Suffix:
- Street
- Longitude:
- E0° 0' 0''
- Latitude:
- N0° 0' 0''
- Office Name:
- Weichert, Realtors-Morgan Realty Group
- Agent Name:
- Ross M Boesch
- Property Subtype 1:
- Multiple Units
- Listing Agent MLS ID:
- RBOESCH
- Listing Office MLS ID:
- 1651
- Parcel ID:
- 5703097000
- Area:
- N/A
- School System:
- Sandusky
Multiple Units For Sale
903 Franklin Street, Sandusky, 44870
- Property Type :
- Multiple Units
- Listing Type :
- For Sale
- Listing ID :
- 20261659
- Price :
- $149,900
- Year Built :
- 1930
- Lot Area :
- 3,367 Sqft
- Status :
- Active
