Phil Rogers
Russell Real Estate Services
(234) 278-1662
146 Total Sales
3 in Sandusky
$69K - $1.6M Price Range
517 Putnam St Sandusky, OH 44870
Sandusky Area
2
Beds
1
Bath
--
Sq Ft
1940
Built
Highlights
- Brick or Stone Mason
- Baseboard Heating
- 4-minute walk to Sandusky Baseball Field Playground
- Forced Air Heating System
About This Home
As of July 2021Portfolio of 5 buildings comprised of 16 rent-ready units located throughout central Sandusky, a city booming with development and opportunity. Ranging in size from a 6-unit building to a single-family home, the portfolio is currently operating at 100% occupancy, and generating a high rate of return. Aggressive rent optimization in 2019 against minimal maintenance needs resulted in a 2019 NOI of $78K. Very strong rental market pushing cap rate over 11%. Several properties located in federal opportunity zone, in addition to local/state grants available for updates and maintenance costs. Recent improvements including new siding on one of the buildings, and foundation reinforcement in another. Happy to answer questions, or provide more background, as needed. Additional properties/portfolios being listed in the coming days. Rent Roll and P and L attached.
Last Agent to Sell the Property
Sal Sortino
Select Group Ohio License #2017005261 Listed on: 06/08/2021
Co-Listed By
Default zSystem
zSystem Default
Last Buyer's Agent
Sal Sortino
Select Group Ohio License #2017005261 Listed on: 06/08/2021
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1940
Home Design
- Brick or Stone Mason
- Aluminum Siding
- Vinyl Siding
Basement
- Basement Fills Entire Space Under The House
- Partial Basement
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Natural Gas
- Baseboard Heating
Community Details
- 16 Units
Listing and Financial Details
- Assessor Parcel Number 5901004000
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Sandusky, OH
-
Phil Rogers
-
Bill Swanzer
Bill Swanzer
The Swanzer Agency
(440) 597-3372
132 Total Sales
1 in Sandusky
$213,500 Price
-
Stephen Crea
Stephen Crea
Assad & Crea Realty Group
(216) 238-6748
112 Total Sales
1 in Sandusky
$327,500 Price
-
Lenny Herbert
Lenny Herbert
RE/MAX Edge Realty
(234) 271-4267
146 Total Sales
1 in Sandusky
$172,000 Price
-
Ken Spero
Ken Spero
Howard Hanna
(216) 859-4246
130 Total Sales
11 in Sandusky
$136K - $1.8M Price Range
-
Majdey Taye
Majdey Taye
RE/MAX Transitions
(440) 517-5288
272 Total Sales
3 in Sandusky
$90K - $272K Price Range
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/06/2021 07/06/21 | Sold | $431,353 | -38.4% | -- |
| 06/08/2021 06/08/21 | Pending | -- | -- | -- |
| 06/08/2021 06/08/21 | For Sale | $700,000 | -- | -- |
Source: Firelands Association of REALTORS®
Agents Affiliated with this Home
-
SS
Seller's Agent in 2021
Sal Sortino
Select Group Ohio
-
DZ
Seller Co-Listing Agent in 2021
Default zSystem
zSystem Default
Map
Source: Firelands Association of REALTORS®
MLS Number: 20212290
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