1440 Judy Ln Sandusky, OH 44870
30-home Section 8 property with renovation upside.
Property size:
900 SFLot size:
0.15 AcresProperty Features for 1440 Judy Ln
General Information
- Size
- 900 SF
- Lot size
- 0.15 Acres
Source:
Moodyscre
Listing Agent: Samuel Lacebal
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Affordable Housing Asset in Sandusky
Sunnyside Acres is a 30-home affordable housing asset located in Sandusky, Ohio. The property is 100% supported by a Project-Based Section 8 HAP contract, meaning all tenant rents are heavily subsidized by the federal government. This arrangement provides a stable stream of revenue when fully leased. There is a material opportunity for new ownership to renovate the asset and capture a projected 25% Mark-Up-to-Market rent increase. By updating and modernizing the property, there is immense value to be created by owning a well-maintained HUD Subsidized asset. Sunnyside Acres residents benefit from being in close proximity to numerous grocery, restaurant, and entertainment options as well as a K-12 school. Sandusky is home to many major retailers like Starbucks, Target, Dick’s Sporting Goods, Home Depot, Lowe’s, Sam’s Club, and a Walmart Supercenter.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Sandusky
- County
- Erie
- State
- Ohio
- Longitude
- -82.685438
- Latitude
- 41.440057
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FAQs
What type of property is this?
Apartment building - 30-home Section 8 property with renovation upside.
Where is this apartment building located?
The property is located at 1440 Judy Ln Sandusky, OH.
What are key features of this property?
This property features: - 100% Project-Based Section 8 HAP contract ensures stable, government-subsidized revenue.; - Opportunity to increase rents by a projected 25% through renovations and modernization.; - Affordable housing asset in Sandusky, Ohio.