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Sandusky Ohio Portfolio - Downtown Sandusky Scattered-Site Real Estate 87 Unit Apartment Building Offered at $7,550,000 Sandusky, OH 44870
Investment Highlights
- 14/47 Properties in the Transient Rental District
- $140,000+ Immediate Annual Upside
- $76,435 Current Monthly Rent
Executive Summary
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.
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.
Property Facts
| Price | $7,550,000 | Property Type | Multifamily |
| Price Per Unit | $86,782 | Apartment Style | Single-Family Home |
| Sale Type | Investment | No. Stories | 1 |
| No. Units | 87 | Year Built | 1900 |
| Price | $7,550,000 |
| Price Per Unit | $86,782 |
| Sale Type | Investment |
| No. Units | 87 |
| Property Type | Multifamily |
| Apartment Style | Single-Family Home |
| No. Stories | 1 |
| Year Built | 1900 |
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Property Taxes
| Parcel Number | 57-05923-000 | Improvements Assessment | $38,178 |
| Land Assessment | $2,583 | Total Assessment | $40,761 |
Property Taxes
Parcel Number
57-05923-000
Land Assessment
$2,583
Improvements Assessment
$38,178
Total Assessment
$40,761
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Sandusky Ohio Portfolio - Downtown Sandusky Scattered-Site Real Estate
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