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8-Unit Multifamily Investment | Two Adjacent 1101 W Jefferson St 8 Unit Apartment Building $799,999 ($100,000/Unit) Sandusky, OH 44870
Investment Highlights
- Walking Distance to Lake Erie, Downtown Sandusky, Boat Dock, Restaurants, Coffee Shops, Shopping
- Everyone can have their own reserved parking space
- 1015 - Large Tall Ceilings and beautiful crown molding, Every apartment has Kitchen, Dining Room, 2 Bedrooms, Large Living Room
Executive Summary
This offering includes two adjacent four-unit multifamily buildings being sold together as one investment opportunity. The properties share a driveway and operate as a single investment package. Both parcels are included in the purchase price.
The W. Jefferson Street portfolio offers a rare opportunity to acquire 8 total residential units in Sandusky, Ohio. This offering includes two adjacent properties sold together as one investment with a shared driveway.
The properties are 99% occupied with
month-to-month tenants, providing immediate cash flow and the flexibility to implement your own leasing strategy.
Current ownership has maintained below-market rents for many years, creating significant upside potential for a new owner.
Sandusky is a growing waterfront community on the southern shore of Lake Erie. Home to Cedar Point amusement park and a strong tourism industry, the area also benefits from a diverse local economy, employers, and ongoing investment
The W. Jefferson Street portfolio offers a rare opportunity to acquire 8 total residential units in Sandusky, Ohio. This offering includes two adjacent properties sold together as one investment with a shared driveway.
The properties are 99% occupied with
month-to-month tenants, providing immediate cash flow and the flexibility to implement your own leasing strategy.
Current ownership has maintained below-market rents for many years, creating significant upside potential for a new owner.
Sandusky is a growing waterfront community on the southern shore of Lake Erie. Home to Cedar Point amusement park and a strong tourism industry, the area also benefits from a diverse local economy, employers, and ongoing investment
Property Facts
Amenities
Unit Amenities
- Washer/Dryer
- Washer/Dryer Hookup
- Tile Floors
- Kitchen
- Hardwood Floors
- Refrigerator
- Range
- Tub/Shower
- Grill
- Basement
- Built-In Bookshelves
- Dining Room
- Garden
- Handrails
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1 | 2 | - | - |
| 1+1 | 3 | - | - |
| Studios | 4 | - | - |
| 2+1 | 5 | - | - |
| 2+1 | 6 | - | - |
| 2+1 | 7 | - | - |
| 2+1 | 8 | - | - |
1 1
Fairly walkable
50/100
Moderately drivable
60/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $51,796 | |
| Land Assessment | $1,791 | Total Assessment | $53,587 |
Property Taxes
Parcel Numbers
Land Assessment
$1,791
Improvements Assessment
$51,796
Total Assessment
$53,587
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8-Unit Multifamily Investment | Two Adjacent | 1101 W Jefferson St