Property summary
This exceptional 36-unit apartment building in Sandusky, OH, presents a compelling investment opportunity. Spanning 30,213 square feet on a 1.05-acre lot, the property comprises two structures with slab foundations and two well-maintained boilers providing heating. The three-address complex features an even split of one- and two-bedroom units, each boasting an open-concept layout and mounted air conditioning units. Upper units benefit from recently improved private exterior balconies,… enhancing tenant appeal. All units are in good condition, featuring carpet, white 1x1 tiled bathrooms, and wooden kitchens. Owner-owned laundry facilities are conveniently located on the second floor of each building. The property also includes ample parking and a large outdoor space, along with in-unit hot water heaters. With a projected annual income of $338,000 after minor cosmetic upgrades (estimated $3-5,000 per unit for kitchen upgrades, fresh paint, and luxury vinyl plank flooring), this property offers a current 7% cap rate with significant potential to exceed 10% through value-add improvements. Market rents are projected at $715 for one-bedroom and $850 for two-bedroom units, representing a nearly $200 increase for some units. The property's proximity to the Sandusky Mall and an eight-minute drive from Cedar Point ensures strong tenant demand, further amplified by the newly constructed Redwood development directly behind the property, with rents starting around $1,500 per month. This translates to a projected 16% cash-on-cash return and a 33% IRR once stabilized. The property is also conveniently located within three miles of four Starbucks locations.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
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The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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