2234 Putnam St, Sandusky, OH, 44870

About This Home

Beautiful 5-unit Apartment Property Located On The Corner Of E. Perkins And And Putnam Just On The Edge Of Sandusky Near Perkins Township. This Well Maintained Investment Property Offers A Strong Rental Setup With Tenants Paying Their Own Electric And Heat, While The Owner Currently Pays For Gas For Hot Water And Garbage.the Property Features A Great Unit Mix, Including A 2-bedroom Second-floor Unit, A 2-bedroom First-floor Unit, A 1-bedroom First-floor Unit, A 1-bedroom Stand-alone Home, And A First-floor Efficiency. This Setup Gives An Investor Multiple Income Streams With A Variety Of Unit Types That Appeal To Different Rental Needs.the Property Has Been Very Well Cared For And Includes An Extremely Clean Basement, Two Boilers That Are Approximately 2 Years Old, Water Heater That Is Approximately 2 Years Old And Roof Is About 10 Years Old With Much Life Left. There Is Also A One-car Garage For Storage And Enough Off-street Parking For Approximately 10 Cars, Which Is A Major Benefit For A Multi-unit Property.as It Currently Sits, The Property Offers A Solid Cap Rate, But With A Few Minor Adjustments, There Is Potential To Increase The Cap Rate Up To Approximately 15.5%, Making This An Excellent Income-producing Opportunity.this Property Could Also Be An Excellent Owner-occupied Opportunity. Live In One Unit And Let The Rental Income From The Other Units Help Pay Your Mortgage. Whether You Are An Experienced Investor, A First-time Investor, Or Someone Looking To Reduce Your Monthly Housing Cost, This Property Offers Strong Income Potential, A Convenient Sandusky Location, Valuable Parking, Updated Mechanicals, And Upside For Future Returns.