2320 Milan Rd - Multi-Family FOR SALE


Sandusky, OH 44870
$7,550,000 USD
419-706-2365
2320 Milan Rd, Sandusky, OH for Sale
$7,550,000 USD
Multi-Family - FOR SALE
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2320 Milan Rd
Sandusky, OH 44870


HIGHLIGHTS

  • 14/47 Properties in the Transient Rental District
  • $76,435 Current Monthly Rent
  • $140,000+ Immediate Annual Upside

OVERVIEW

This offering represents a rare opportunity to acquire a large, assembled scattered-real estate portfolio spanning over 50 parcels throughout downtown Sandusky, Ohio. Over time, the current ownership strategically acquired these properties to create a meaningful footprint across the city’s core residential neighborhoods, all within close proximity to the waterfront, downtown business district, and major travel corridors. Being offered as a single package, this portfolio provides an investor immediate scale, geographic density, and operational efficiency that would be nearly impossible to replicate through individual acquisitions. The portfolio currently produces $76,435 in monthly rental income with documented market rents supporting $88,100 per month, revealing approximately $140,000 in annual upside through rent normalization alone. Many leases are at-will or below market, allowing a new owner to increase income without renovations or redevelopment. This presents a true value-add opportunity driven by operations rather than construction. In addition to strong in-place cash flow, the density and location of these properties create long-term optionality for infill development, redevelopment, or strategic hold as Sandusky continues to experience waterfront and downtown revitalization. The next owner benefits not only from immediate yield, but from control of a significant residential footprint in one of Ohio’s most desirable lakefront communities.

FOR SALE DETAILS

PRICE

$7,550,000 USD

# OF UNITS

87

PRICE/UNIT

$86,782

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Downtown Sandusky Scattered-Site Real Estate

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

57-05923-000

ASK ABOUT THIS PROPERTY

Tarina SidotiBerkshire Hathaway Professional RealtyMore Info
419-706-2365

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Tarina SidotiBerkshire Hathaway Professional RealtyMore Info
419-706-2365

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.