Sandusky, OH 44870,2612-2618 Pioneer TRL
Sandusky, OH 44870,2612-2618 Pioneer TRL
Sandusky, OH 44870,2612-2618 Pioneer TRL
29
$1,650,000
$1,850,000
10.8%
Est.Price: ?

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30,213 SqFt

2612-2618 Pioneer TRL Sandusky, OH 44870

Est. payment /mo
SOLD DATE : 08/12/2021

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Key Details

Sold Price $1,650,000

Property Type Commercial

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

Square Footage 30,213 sqft

Price per Sqft $54

Subdivision Foxborough Commons

MLS Listing ID 4283301

Sold Date 08/12/21

HOA Y/N No

Abv Grd Liv Area 30,213

Total Fin. Sqft 30213

Year Built 1975

Annual Tax Amount $20,862

Lot Size 1.050 Acres

Acres 1.05

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.

Location

State OH

County Erie

Interior

Heating Hot Water, Steam

Cooling Wall Unit(s)

Fireplace No

Exterior

Parking Features Driveway, Paved

Water Access Desc Public

Roof Type Asphalt,Fiberglass

Building

Sewer Public Sewer

Water Public

Schools

School District Perkins Lsd - 2205

Others

Tax ID 32-03405.000

Security Features Security System

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Conventional

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Listed by Gregory Erlanger • Keller Williams Citywide
Bought with Sajag S Patel • Keller Williams Elevate

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agent

David Frye

SAL.2020009032

+1(330) 402-1347

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