Refine Search

1035 First Street, Sandusky, OH 44870

$7,550,000
  • 1035 First Street, Sandusky, OH 44870 Main Photo

38 Total Photos [Click to View All]

Active
BEDS0 BATHS MLS#20260276
STATUS PROPERTY TYPEMulti Unit - Multiple

Property Description

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.

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 michaelhand.ikeyrealty.com today.

Property Features

Property Type: Multi Unit - Multiple
Fuel Type: See Heat Src Comment
Heating: Forced Air
Taxes: $0

Feature Descriptions

Sewer: Public Sewer
Water: Public

Listed By / Shown By

Listed By

Agency Name: Berkshire Hathaway HomeServices Pro. - Sandusky

Shown By

Agent Name: Mike Hand
Agent Phone: (419) 705-5774
Agency Title: Key Realty

IDX logo

Estimate Your Payment

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 Insurance

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)

Login to My Homefinder

Pixel