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1440 Judy Ln Sandusky, OH 44870

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For Sale
Contact for pricing

30-home Section 8 property with renovation upside.

Property size:
900 SF
Lot size:
0.15 Acres

Property Features for 1440 Judy Ln

General Information

Size
900 SF
Lot size
0.15 Acres

Source: Greysteel 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.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Sandusky
County
Erie
State
Ohio
Longitude
-82.685438
Latitude
41.440057

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.
More about this property
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