332 Lawrence Street

Property Description

Incredible opportunity to rehab this 5 unit mixed-use building! Previously used as 4 apartments plus 1 commercial unit. Property has fire damage. The property was 60% renovated in 201 before the fire. Damaged unit is gutted out and completely repairable. Structure itself is in good shape, potential for 10 beds and 5 baths. Main electric service for 5 units is new, however in-house wire will need replaced. Hot water tank is new, plumbing has been started and needs finished. New HVAC is required. Shingle roof is 5 years old, needs fire damage repair. Property has $20,000 escrow w/City of Sandusky-to be released to buyer on Deed once the repairs are completed. After rehab value is $400,000! Property sold in AS-IS condition. Property is located just a couple blocks from Lake Erie shores and close to Cedar Point. Utilities will not be turned on for inspections. No seller financing. Hard money or cash only. Make your best offer!!