432 Washington St Sandusky, OH 44870

Property Details for 432 Washington St

Property type

Commercial real estate

Description

This exceptional investment opportunity presents a 16-unit apartment building located in the heart of Sandusky, Ohio, at 432 E Washington St and 433 E Adams St, zip code 44870. The property boasts a prime location, just steps from Sandusky's vibrant waterfront, shops, restaurants, and entertainment venues. This multifamily complex offers a compelling blend of immediate income and significant long-term potential. Twelve of the sixteen units have been fully upgraded, featuring modern finishes and updated systems, ensuring immediate occupancy and strong rental income. The building, constructed in 1945 and 1975, features a mix of brick and vinyl siding and an asphalt parking lot. The property sits on a full city block, providing flexible development potential for creative reimagining or expansion. A buildable lot is included, adding further value to this already attractive investment. The surrounding neighborhood is experiencing high-value growth, with new homes valued over $1 million. Furthermore, the city has invested millions in infrastructure improvements, including a scenic bike trail, a lush grass median, and brand-new streets, significantly enhancing the area's appeal and desirability. The asking price for this exceptional 100% occupied property is $1,599,000. This is a rare opportunity to acquire a well-maintained, high-performing multifamily asset in a rapidly appreciating area.

Location Insight

City

Sandusky

County

Erie

State

Ohio

Longitude

-82.7047133

Latitude

41.4568172