516 Franklin Street, Sandusky OH 44870 (Off Market)

For Sale, USD 179,900


516 Franklin Street, Sandusky OH 44870,

Property Type : Multi-Family Home

Property Style : N/A

Build Size : 2,492 ft² / 232 m²

Land Size : N/A

Bedroom : 0

Bathroom : 0

Half Bathroom : 0

MLS#: N/A


Property Description

Great Investment Opportunity - Updated Stone Duplex with Strong Rental Income. Don't miss out on this downtown Sandusky duplex offering excellent cash flow and long-term stability. The lower unit features 3 spacious bedrooms and is rented for $1,200/month. Upper unit includes 2 bedrooms,2 Baths and rents for $995/month. Both units were tastefully updated about 5 years ago and have been well maintained. These desirable units are easy to rent and currently occupied with Section 8 tenants. Tenants pay their own electric. Owner is responsible for water, gas, and garbage. With a net annual income of just under $18,000, this property delivers an attractive 10% cap rate at current rents. Whether you're expanding your portfolio or looking for your first multifamily investment, this property is a solid choice. Seller is selling portfolio of 3 SFR's and 2 Duplexes. If interested in the entire portfolio, more properties could be added.
More
516 Franklin Street, Sandusky OH 44870, United States,Ohio,Sandusky is a 2,492ft² Sandusky luxury Multi-Family Home listed for sale USD 179,900. This high end Sandusky Multi-Family Home is comprised of 0 bedrooms and 0 baths. Find more luxury properties in Sandusky or search for luxury properties for sale in Sandusky.