A rare opportunity to acquire a large, assembled real estate portfolio spanning 50+ parcels comprised of 36 single-family homes and 11 multifamily properties (87 units) throughout downtown Sandusky, Ohio. This collection of properties creates a substantial footprint across the city's core residential neighborhoods, all within close proximity to the waterfront, downtown business district, and major travel corridors.Offered as a single package, the portfolio provides immediate scale, geographic density, and operational efficiency that would be extremely difficult to replicate through individual purchases.The properties currently generate $76,435 in monthly rental income, with documented market rents supporting approximately $88,100 per month. This reflects an estimated $140,000+ in annual income potential through rent normalization alone. Many leases are at-will or below market, offering a clear path to increased revenue without major renovations.This is a value-add opportunity driven by management and positioning.Beyond current cash flow, the concentration and location of these parcels offer long-term flexibility for future infill, redevelopment potential, or strategic hold as downtown Sandusky continues to benefit from ongoing waterfront and community improvements. This offering combines immediate income with control of a significant residential presence in a highly desirable lakefront market.See Attached Brochure for details.
Listed By
Agency Name: Berkshire Hathaway HomeServices Pro. - Sandusky
Shown By
Agency Title: Key Realty
Agency Phone: 877-539-7589
Estimated Payment
$ 44,434.64 per month $42,232.56 Principal & Interest $0.00 Property Tax (data not provided by mls) $2,202.08 Homeowner's InsuranceIf you're searching for your next home, or just curious about the market there is no better tool to help you quickly find homes that meet your needs and wants.
1035 First Street | MLS# 20260276
This multi-family property located at 1035 First Street, Sandusky, OH 44870 is currently listed for sale with an asking price of $7,550,000. Search Sandusky real estate on www.ikeyrealty.com today.