217-221 Scott St, Sandusky, OH 44870
Five fully rented units on two parcels with paved parking and no A/C, sold as-is.
Property Features for 217-221 Scott St
General Information
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Based on property information with market context.
The units are fully rented on a month-to-month basis. Out of the 5 tenants, 3 have been in place for many years, potentially close to 25 to 30 years.
The apartments are designated as a commercial property, while the three-bedroom house is under residential. The property cannot be sold under one loan unless it is a cash deal, and buyers must be qualified with a letter from their mortgage company required for both loans to schedule appointments. The seller notes that owner financing may be available to qualified buyers with a $50,000 down payment and monthly principal and interest payments for up to 3 years.
Key Highlights
- 1912‑built property with 5 rental units across 2 property parcels
- Unit mix includes a 1‑bedroom efficiency, 1 full bedroom unit, a 3‑bedroom upstairs unit, a garage unit, and a 3‑bedroom house
- All 5 units are fully rented month to month
Property Analytics
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Lease Details
Location Intelligence
Trade Area within ½ mile
Demographics for 44870, OH
Market
Vacancy Rate% for Multifamily in Midwest region