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1917-2011 Sweetbriar Ln
Springfield, OH 45505 Springfield

$3,833,759 USD

Apartments For Sale  •  58,538 SF

Property Details

  • Property Type Apartments
  • Total Building Size 58,538 SF
  • Lot Size 5.45 AC
  • Building Class C
  • Year Built 1952
  • Cap Rate 7.50 %
40 Walk Score

Highlights

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

Property Flyers

Cap Rate: 7.50 %

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Controlled Access
  • Dishwasher
  • Microwave
  • Tenant Controlled HVAC
  • Washer/Dryer Hookup
  • Heating
  • Smoke Free
  • Trash Pickup - Curbside
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower
  • Freezer
  • Smoke Detector

Public Transportation

AirportDriveWalkDistance
James M Cox Dayton International 38 min - 27.8 mi
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