2612-2618 Pioneer Trl, Sandusky, OH 44870
sale $1,850,000 | Apartment
Courtesy Of Keller Williams Citywide
*CASH FLOW KING* Currently performing at an almost 9% Cap Rate with potential to hit WELL over 10% -this 36 unit is a STUD! Located in Perkins township near Sandusky mall and every store and restaurant you can think of. Consists of 3 buildings. Each building contains 12 units, 1 laundry room, a boiler room and security room. 50/50 split of 1 & 2 bedroom units. 100% Occupied. 3 units have just been placed at market rent ($600, $575, and $725) which is not reflected in rent roll. Most rents are under market value and should be at $575/725+ /mo in as-is condition. New updates include shingled roof, security systems, 10 units have been renovated, new washer/dryers, sliding doors and more. All 2nd and 3rd floor units have private balconies. Ample parking for all tenants. Property is self managed but expenses will reflect an 8% Property management fee that most buyers would require- still providing an 8% Cap.
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- Age: 41-50 Years Old
- Architecture Style: Other
- Cooling System: Wall Unit(s) A/C
- Heating System: Hot Water
- Heating System: Steam
- MLSID: 4283301
- Parking Type: Driveway
- Roof Type: Asphalt
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