BEDS0
BATHS
MLS#20261659
STATUS
PROPERTY TYPEMulti Unit - Multiple
SCHOOLSandusky
Property Description
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.
Property Features
Property Type: Multi Unit - Multiple
Fuel Type: Electric
Heating: Baseboard
Home Style: 2 Story
Lot Size: 0.08 Acres
Stories: 2.0
Taxes: $592
Year Built: 1930
Feature Descriptions
Exterior: Stucco
Lot Dimensions: 0.0773 Acre(s)
Parking Notes: Off Street
Sewer: Public Sewer
Water: Public
Local Schools
School District: Sandusky
Listed By / Shown By
Listed By
Agency Name: Weichert, Realtors-Morgan Realty Group
Shown By
Agency Title: Key Realty
Agency Phone: 877-539-7589
Estimate Your Payment
Estimated Payment
$ 931.55 per month $838.50 Principal & Interest $49.33 Property Tax $43.72 Homeowner's Insurance
903 Franklin Street | MLS# 20261659
This multi-family property located at 903 Franklin Street, Sandusky, OH 44870 is currently listed for sale with an asking price of $149,900. Franklin Street is located within the Sandusky school district. Search Sandusky real estate on www.ikeyrealty.com today.