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Affordable Housing Asset in Sandusky

1440 Judy Ln, Sandusky, OH

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For Sale

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30-home Section 8 property with renovation upside.

Type:RETAIL

Property size:

900 SF

Lot size:

0.15 Acres

HighLights

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.
Potential for value creation by owning a well‑maintained HUD subsidized asset.
Close proximity to grocery stores, restaurants, entertainment, and a K‑12 school.
Located near major retailers such as Starbucks, Target, Home Depot and Walmart.

We can help!

Listing Contact

Samuel Lacebal

For Sale

Contact for pricing

30-home Section 8 property with renovation upside.

Type:RETAIL

Property size:

900 SF

Lot size:

0.15 Acres

Added:: Apr 29, 2024
Days on Market:: 777
Last Refresh:: May 20 at 8:27 pm

Property Features for 1440 Judy Ln

General Information

Standard status: Active
Size: 900 SF
Lot size: 0.15 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Samuel Lacebal

Listing agent Samuel Lacebal

Listing office Greysteel

Listing date Apr 29, 2024

Source Moodyscre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Greysteel

HighLights

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.
Potential for value creation by owning a well‑maintained HUD subsidized asset.
Close proximity to grocery stores, restaurants, entertainment, and a K‑12 school.
Located near major retailers such as Starbucks, Target, Home Depot and Walmart.

Overview

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 Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Sandusky
County: Erie
State: Ohio
Longitude: -82.6854
Latitude: 41.4401

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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.

1440 Judy Ln, Sandusky, OH

30-home Section 8 property with renovation upside.

Property Features for 1440 Judy Ln

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Functional Industrial Property in Sandusky

Turnkey Duplex Investment

Freestanding Office Property

Office Building with Expansion Potential

Mixed-Use Property in Downtown Sandusky

Corner Lot Car Repair Shop

Retail Store with Equipment Included

Commercial Property on Main Intersection

Prime Sandusky Shoreline Marina Opportunity

Duplex with Leased Units

Retail Space For Sale

Established Bar with Rental Income

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