1917 Sweetbriar Ln, Springfield, OH 45505 Springfield, OH 45505
Single Family Attached
MLS #: XP3CY6
Courtesy Of Coldwell Banker Heritage
Property InformationDescription
Offered at $3,795,000 - 8.70% cap on stabilized inplace NOI of $330,007 ($67,768/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
Features
- Age: Over 50 Years Old
- Architecture Style: Other
- MLSID: XP3CY6
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