166 N Sandusky Street, Delaware, OH 43015

Property Description

4-Unit Multi-Family Property in Downtown Delaware - Excellent Investment Opportunity! This spacious 4-unit property, offering nearly 2,700 sq. ft., is ideally located just a short walk from downtown Delaware, providing easy access to shopping, dining, and entertainment. With strong rental income potential and a recent history of updates, this property is a must-see for any investor looking to expand their portfolio. Apt A - 2 BR/1 BA - Rent is $1200/month, Apt. B - 1 BR/1 BA - Rent is $550/month, Apt. C - 2 BR/1 BA - Rent is $775/month, Apt. D - Studio/Efficiency - Rent is $500/month. All units are separately metered for electricity and gas, with tenants covering all utilities except for water, sewer, and trash (owner charges $25/month to cover these expenses). On-street parking is available in front, with additional off-street parking in the rear gravel lot. Recent updates include a new roof (2024), replacement of 7 windows in the past two years, new water heater for Apt. D, renovated bathroom in Apt. D within the last year, and new flooring in Apt. D. Leases are available through the MLS documents, and showing instructions are provided in the A2A remarks. Whether you're looking to manage the property long-term or looking for a turn-key investment, this is an excellent opportunity to secure a reliable income stream in a desirable area!