Sweetbriar Lane Apartments

Coldwell Banker Commercial | Heritage is pleased to present Sweetbriar Lane, a 56-unit garden-style apartment community in Springfield, Ohio, offered at $3,833,759 — a 7.50% capitalization rate on in-place income. The community is being delivered fully stabilized and improved. The seller is re-siding the entire property — an approximately $200,000 capital project completed at the seller's cost — and re-leasing units in step with that work, so a buyer takes over a 100%-leased asset with a brand-new building envelope and no deferred exterior capital. Fifty-five of the fifty-six units share a spacious two-bedroom, one-bath floor plan, keeping turns, renovations, and management simple. The income is real and growing. Scheduled rents annualize to $561,648, well above trailing collections, and recent leases have signed between $850 and $950 — establishing clear mark-to-market runway across legacy units still priced below those levels. A buyer acquires a stabilized 7.5% going-in yield with a documented path approaching a 9% yield on cost as rents move to market. Sweetbriar Lane also sits at the center of one of Ohio's most compelling growth stories. In July 2026, Electra selected Springfield for an $850 million advanced-aircraft manufacturing facility expected to create nearly 2,000 jobs — a direct, durable driver of workforce-housing demand in a county of roughly 135,000, anchored along the I-70 corridor between Dayton and Columbus.