1917 Sweetbriar Ln, Springfield, OH 45505, Springfield, OH 45505
sale
$3,833,759
|
Single Family Attached
Courtesy Of Coldwell Banker Heritage
Offered at $3,833,759 - 7.50% cap on in-place NOI of $287,532 ($68,460/unit) Delivered 100% leased at closing - a stabilized asset, not a lease-up play Brand-new exterior: seller-funded re-siding of all 56 units (~$200,000), completed before closing - zero deferred envelope capital to the buyer Below-market rents with recent leases signing $850-$950 and clear mark-to-market upside approaching a 9% yield on cost Efficient, uniform asset - 55 of 56 units are two-bed / one-bath, simplifying turns and management Tenant utility reimbursement in place, supporting a healthy operating margin
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Property Features
- Age: Over 50 Years Old
- Architecture Style: Other
- MLSID: XP3CY6
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