Duplex & Multi Family For Sale in Castalia, OH

DUPLEX - Excellent Investment Opportunity! Take a look at this well-maintained, side-by-side vinyl-sided duplex featuring a spacious front porch and two nicely updated units. Each unit offers 2 bedrooms, 1 full bath, an oversized living room, separate dining room, and an updated kitchen with new appliances. Both units have access to the basement, providing convenient laundry and additional storage space. Outside, enjoy a nice-sized backyard and separate side parking for each unit. Recent updates include new floor coverings and fresh paint throughout. Both units are vacant and ready for their next occupants! Gas and Electric are seperated. Water and sewer combined. Great investment potential with suggested rental income of $1,100 per unit, totaling $2,200 per month or $26,400 annually in potential gross rental income.Whether you're looking to expand your investment portfolio or live in one unit while renting the other, this duplex offers plenty of possibilities. Don't miss out schedule your showing today!

Perkins Township Duplex!!!Excellent opportunity to own a well-maintained duplex in a desirable location! This income-producing property features two spacious units!The lower unit offers 3 bedrooms and is equipped with a gas forced-air furnace and gas water heater. The upper unit features 2 bedrooms and also includes its own gas forced-air furnace and gas water heater.One of the property's standout features is the exceptional garage and workshop space. An approximately 18' x 18' workshop is connected to a 24' x 24' two-car garage, making it perfect for an owner who needs storage or workspace for maintenance of other rental properties, hobbies, or a small business. The garage also offers excellent potential for additional rental income as storage space.Tenants are responsible for their own gas, electric, and garbage, while the owner pays only the water bill, helping keep operating expenses low.Whether you're looking to expand your investment portfolio or purchase a turnkey rental with dependable tenants already in place, this duplex is an outstanding opportunity offering strong cash flow potential, low maintenance, and additional value through its versatile garage and workshop.

Beautiful 5-unit apartment property located on the corner of E. Perkins and and Putnam just on the edge of Sandusky near Perkins Township. This well maintained investment property offers a strong rental setup with tenants paying their own electric and heat, while the owner currently pays for gas for hot water and garbage.The property features a great unit mix, including a 2-bedroom second-floor unit, a 2-bedroom first-floor unit, a 1-bedroom first-floor unit, a 1-bedroom stand-alone home, and a first-floor efficiency. This setup gives an investor multiple income streams with a variety of unit types that appeal to different rental needs.The property has been very well cared for and includes an extremely clean basement, two boilers that are approximately 2 years old, water heater that is approximately 2 years old and roof is about 10 years old with much life left. There is also a one-car garage for storage and enough off-street parking for approximately 10 cars, which is a major benefit for a multi-unit property.As it currently sits, the property offers a solid cap rate, but with a few minor adjustments, there is potential to increase the cap rate up to approximately 15.5%, making this an excellent income-producing opportunity.This property could also be an excellent owner-occupied opportunity. Live in one unit and let the rental income from the other units help pay your mortgage. Whether you are an experienced investor, a first-time investor, or someone looking to reduce your monthly housing cost, this property offers strong income potential, a convenient Sandusky location, valuable parking, updated mechanicals, and upside for future returns.