5755 Summit St - Apartments FOR SALE


Sylvania, OH 43560
$189,900 USD
419-351-1146
5755 Summit St, Sylvania, OH for Sale
$189,900 USD
Apartments - FOR SALE
1/11
null | Request Cap Rate

5755 Summit St
Sylvania, OH 43560


HIGHLIGHTS

  • Located in downtown Sylvania within walking distance to restaurants, retail, and recreation.
  • Two-unit duplex with one-bedroom, one-bath layouts and basement laundry.
  • Zoned B-3, allowing for future commercial redevelopment opportunities.
  • Easy access to US 223 and I-475, just one mile from the property.
  • Offered individually or as part of a larger portfolio for added investment scale.

OVERVIEW

This duplex in downtown Sylvania, Ohio, offers an attractive investment opportunity in a walkable, amenity-rich location. Positioned within the Redbird District and the DORA District, the property is steps away from restaurants, retail, and recreational options, providing strong tenant appeal. The building consists of two one-bedroom, one-bath units, each with laundry access in the basement. Recent updates have been made as tenants have transitioned, ensuring continued functionality and tenant satisfaction. The property sits on a 0.11-acre lot and is zoned B-3, allowing for future commercial redevelopment potential. Located just south of the Michigan border and one mile from highway access, the site offers convenient connectivity to major routes, including US 223 and I-475. With shorter-term and month-to-month leases in place, investors have flexibility for repositioning or redevelopment strategies. This duplex can be purchased individually or as part of a larger portfolio, creating additional scale and value for buyers seeking multiple assets in a growing market.

FOR SALE DETAILS

PRICE

$189,900 USD

PRICE/SF

$112 USD /SF

# OF UNITS

2

PRICE/UNIT

$94,950

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1897

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

82-11507

ASK ABOUT THIS PROPERTY

Stephanie KuhlmanNAI Harmon GroupMore Info
419-351-1146

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Stephanie KuhlmanNAI Harmon GroupMore Info
419-351-1146

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.