1440 Judy Ln Sandusky, OH
Call to check price and availability
30-home Section 8 property with renovation upside.
Type:RETAIL
Property size:
900 SFLot size:
0.15 Acres- Added:
- Apr 29, 2024
- Days on Market:
- 732
- Last Refresh:
- Apr 5 at 11:20 pm
Property Features for 1440 Judy Ln
General Information
- Standard status
- Active
- Size
- 900 SF
- Lot size
- 0.15 Acres
- Property subtype
- RETAIL
Listing agent Samuel Lacebal (949) 265-1691
Listing office Greysteel (949) 265-1691
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
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
- -82.6854
- Latitude
- 41.4401
Nearby Similar for Sale
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.
