3
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$118,500
Est. payment /mo
3,367 Sqft Lot
Price Dropped by $6K
903 Franklin ST Sandusky, OH 44870
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Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Southwark Addition
MLS Listing ID 20261659
HOA Y/N No
Year Built 1930
Annual Tax Amount $1,185
Lot Size 3,367 Sqft
Property Sub-Type Multi Family
Property Description
Turnkey duplex investment with immediate cash flow in Sandusky! This fully occupied 2-unit property features a 2BR/1BA lower unit and 1BR/1BA upper unit, both with recently renewed leases, providing stable, day-one income.Current net operating income of $19,500 annually delivers strong returns, and at the current list price of $125,000, the property projects an approximate 15+ cap rate - a rare opportunity for both new and seasoned investors.Owner currently pays upper electric along with entire building water, gas, and trash, offering clear upside through expense optimization and increased long-term yield.Proven rental history, strong tenant demand, and a convenient location near downtown amenities make this an ideal addition to any portfolio or a great entry point for investors seeking immediate cash flow with future upside. Owner is licensed agent in Ohio.
Location
State OH
County Erie
Interior
Heating Electric, Baseboard
Exterior
Parking Features Off Street
Utilities Available Electricity Connected
View Y/N No
Building
Foundation Crawl Space
Sewer Public Sewer
Water Public
Schools
Elementary Schools Sandusky
Middle Schools Sandusky
High Schools Sandusky
Listed by Ross M Boesch • Weichert, Realtors-Morgan Realty Group
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