3
See all 3 photos
$199,900
Est. payment /mo
1,875 SqFt
Active Under Contract
1410 Mckinley ST Sandusky, OH 44870
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Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 1,875 sqft
Price per Sqft $106
MLS Listing ID 20261167
HOA Y/N No
Year Built 1930
Annual Tax Amount $1,548
Tax Year 2026
Lot Size 9,700 Sqft
Property Sub-Type Multi Family
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.
Location
State OH
County Erie
Rooms
Basement Partial
Interior
Interior Features Ceiling Fan(s)
Heating Natural Gas, Forced Air
Appliance Range, Refrigerator
Exterior
Utilities Available Electricity Connected
View Y/N No
Building
Foundation Basement
Sewer Public Sewer
Water Public
Schools
Elementary Schools Sandusky
Middle Schools Sandusky
High Schools Sandusky
Listed by Jeffrey S Smith • Berkshire Hathaway HomeServices Pro. - Sandusky
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