1835 E Home Rd
Property Description
New-Construction Multifamily Investment 1835 E Home Rd | Springfield, OH 45503 Offered at $3,995,000 | 28 Units | Cap Rate 7.88% | NOI: $315K A rare opportunity to acquire a fully stabilized, new-construction multifamily asset featuring high-end finishes, strong in-place income, and long-term tax advantages. Purpose-built for today’s renter and tomorrow’s investor, this property combines durability, design, and dependable cash flow in one compelling package. Investment Highlights - 28 Luxury Units – 100% Occupied Immediate income with zero lease-up risk New Construction (2024) Modern systems, minimal deferred maintenance, long useful life High-End Finishes Throughout Premium interiors that command strong rents and reduce turnover 15-Year Tax Abatement Exceptional operating efficiency and enhanced net returns Strong In-Place NOI: $315,000 Predictable cash flow with long-term stability Institutional-Quality Asset Ideal for private investors, syndicators, or 1031 exchange buyers The Opportunity This is not a value-add story—it’s a turnkey, cash-flowing asset designed to perform from day one. With brand-new construction, full occupancy, and a long-term tax abatement, ownership benefits from reduced expense exposure while capturing consistent yield in a supply-constrained market. The combination of quality construction, premium tenant appeal, and tax advantages positions this asset as a long-term hold with downside protection and upside durability. Pricing & Performance - Purchase Price: $3,995,000 - Net Operating Income: $315,000 Stabilized, Low-Risk Income Stream Why This Asset Stands Out In a marketplace where new construction is increasingly expensive and operational risk is rising, 1835 E Home Rd offers what investors are actively seeking: certainty of income, quality of construction, and long-term cost control. Fully stabilized. Tax-advantaged. Built to last. A premier multifamily investment opportunity in Springfield, Ohio.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $3,995,000 |
| No. of Units: | 28 |
| Year Built: | 2024 |
| Lot Size: | 3.88 Acres |
| Opportunity Zone: | No |
| Price per unit: | $142,679 |
| Property Website | Click Here |
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