1410 McKinley StreetSandusky, OH 44870

Property Description

Opportunity knocks in the heart of Sandusky! Check out this updated 3-unit property located on desirable McKinley Street perfectly positioned between Cedar Point and Downtown Sandusky, offering strong rental appeal and convenience.This property has been extensively updated within the last 4 years, including roof, vinyl siding, many windows, updated kitchens with cabinets and countertops, electrical improvements, flooring, and more giving peace of mind to the next owner.Strong income producing property with approximately $27,600 in annual gross rents and an estimated NOI of $19,600. Based on market pricing, this property has the potential to deliver an attractive cap rate of about 10% range, at this purchase price.The layout features two 1-bedroom units on the main level and a spacious 2-bedroom unit upstairs, providing a solid mix for rental income. Electric is separately metered, while gas and water are shared. One furnace services the property. Due to tenant privacy, currently no interior photos are provided.Outside, you'll find a large backyard ideal for tenants to enjoy or for future value-add opportunities.Whether you're looking to expand your portfolio or step into your first multi-family investment, this property checks the boxes with updates, location, and income potential.

Property Features

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