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    2612-2618 Pioneer Trail

    Sandusky, OH 44870
    • $1,850,000
    • STATUS: Contingent
    • ON SITE: 16 days
    • MLS #: 4283301
    Under Contract
    UPDATED: 41 min ago
    $1,850,000
    • 0
      BEDS
    • 1.05
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 30,213
      SQFT
    • $61
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1975
    County:
    Area:

    School Ratings & Info

    Listing courtesy of Keller Williams Citywide.
    Listing information © 2021 YES-MLS.

    Description

    *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.

    Monthly Payment Calculator

    Listing information © 2021 YES-MLS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than TG Real Estate are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2021-06-18T23:08:06.233.
    www.teamgosney.com/homes/117768263
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    2612-2618 Pioneer Trail Sandusky, OH 44870

    • Price: $1,850,000
    • Status: Contingent
    • Updated: 41 min ago
    • MLS #: 4283301
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.05
    Acres
    30,213
    SQFT
    $61
    $/SQFT
    1975
    Built
    Neighborhood:
    Foxborough Commons
    County:
    Erie
    Area:
    Sandusky
    Property Description
    *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.
    Exterior Features

    Parking Features Driveway Roof AsphaltFiberglass

    Interior Features

    Basement YN No Building Area Total 30213 Cooling Wall Unit(S) Cooling YN Yes Heating Hot WaterSteam Heating YN Yes

    Property Features

    Above Grade Finished Area 30213 Association Fee2 12385 Insurance Expense 4400 Lease Considered YN No Listing Terms CashConventional Net Operating Income 162613 Owner Pays SewerTrash CollectionWater Ownership Agent Property Sub Type Apartment Security Features Security System Sewer Public Sewer Tax Annual Amount 20862 Tenant Pays Cable TvElectricityGas Township Perkins Trash Expense 2862 Water Sewer Expense 13195 Water Source Public Year Built Details Actual Ybt

    Listing information © 2021 YES-MLS.
    Listing provided courtesy of Keller Williams Citywide.
    Listing information © 2021 YES-MLS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than TG Real Estate are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2021-06-18T23:08:06.233.
     
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    TG Real Estate
    22 1/2 S. Main St.
    Columbiana OH, 44408
    Listing courtesy of Keller Williams Citywide.
    Listing information © 2021 YES-MLS.