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5755 Summit St
Sylvania, OH 43560
Multifamily Property For Sale
·
2 Units
Investment Highlights
- Located in downtown Sylvania within walking distance to restaurants, retail, and recreation.
- Zoned B-3, allowing for future commercial redevelopment opportunities.
- Offered individually or as part of a larger portfolio for added investment scale.
- Two-unit duplex with one-bedroom, one-bath layouts and basement laundry.
- Easy access to US 223 and I-475, just one mile from the property.
Executive Summary
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.
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.
Property Facts
| Price Per Unit | $94,950 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| No. Units | 2 | Building Size | 1,696 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1897 |
| Price Per Unit | $94,950 |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Building Size | 1,696 SF |
| No. Stories | 2 |
| Year Built | 1897 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
Property Taxes
| Parcel Number | 82-11507 | Improvements Assessment | $45,010 |
| Land Assessment | $5,390 | Total Assessment | $50,400 |
Property Taxes
Parcel Number
82-11507
Land Assessment
$5,390
Improvements Assessment
$45,010
Total Assessment
$50,400
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