1035 First Street, Sandusky OH 44870 (Off Market)

For Sale, USD 7,550,000


1035 First Street, Sandusky OH 44870,

Property Type : Multi-Family Home

Property Style : N/A

Build Size : N/A

Land Size : N/A

Bedroom : 0

Bathroom : 0

Half Bathroom : 0

MLS#: N/A


Property Description

A rare opportunity to acquire a large, assembled real estate portfolio spanning 50+ parcels 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.
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1035 First Street, Sandusky OH 44870, United States,Ohio,Sandusky is a Sandusky luxury Multi-Family Home listed for sale USD 7,550,000. 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.