JayMattlin
BEDS0
BATHS
SQUARE FEET1,875
MLS#20261167
STATUS
PROPERTY TYPEMulti Unit - Multiple
SCHOOLSandusky
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.
Property Features
Property Type: Multi Unit - Multiple
Fuel Type: Gas
Heating: Forced Air
Lot Size: 0.22 Acres
Taxes: $774
Year Built: 1930
Amenities
Ceiling Fan
Range
Refrigerator
Thermo Pane
Feature Descriptions
Days on Site: 4
Exterior: Vinyl Siding
Lot Dimensions: 0.2227 Acre(s)
Sewer: Public Sewer
Water: Public
Local Schools
School District: Sandusky
Listed By / Shown By
Listed By
Agency Name: Berkshire Hathaway HomeServices Pro. - Sandusky
Shown By
Agent Name: Jay Mattlin
Agent Phone: Cell: (740) 974-4190
Agency Title: Key Realty
Estimate Your Payment
Estimated Payment
$ 1,240.99 per month $1,118.18 Principal & Interest $64.50 Property Tax $58.30 Homeowner's InsuranceChange Payment Information
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1410 Mckinley Street | MLS# 20261167
This multi-family property located at 1410 Mckinley Street, Sandusky, OH 44870 is currently listed for sale with an asking price of $199,900. Mckinley Street is located within the Sandusky school district. Search Sandusky real estate on www.brokerjay.com today.