299 Mayfair Boulevard, 377, Columbus, OH 43213
$3,200,000
Property Type:
Multi-Family
Lot Size (sq. ft.):
119,354
Status:
Closed
Current Price:
$3,200,000
List Date:
1/24/2025
Last Modified:
3/14/2025
Overview
Description
48 units on Mayfair Blvd & Dale Ave in 12 buildings (4 units per building). The portfolio consists of 33 one-bedroom, 14 two-bedroom, and 1 three-bedroom unit. As of 1/21/25, three units are vacant. Current rent roll and 2024 income/expense proforma available under documents tab. Units are Section 8 rent-subsidized. Owner provides housing stability support for tenants, continuing for up to 12 months post-sale. Built in ~1950, 12 brick buildings. Property is tax-exempt, with potential tax increase after sale. Tours available for vacant units. Tenants pay electricity & gas; owner pays water/sewer & some common electricity. Deed transfer sale. 7% management fee in proforma. No tenant displacement; CHN (seller) provides tenant support.
Listing Details MLS# 225002202
Location Property Info
- Original List Price
- 3200000
- Property Sub Type
- Mixed Use
- Street #
- 299
- Street Name
- Mayfair
- Street Suffix
- Boulevard
- Unit/Suite #
- 377
- County
- Franklin
- State
- OH
- Zip Code
- 43213
- Subdiv/Cmplx/Comm
- Mayfair
- School District
- COLUMBUS CSD 2503 FRA CO.
- Township
- None
OfficeContract Info
- MLS Entry Date
- 2025-01-24
General Property Info
- Number of Units
- 48
- # of Buildings
- 12
- Total Parking
- 48
- Building Sqft
- 33000
- Year Built
- 1950
- Built Prior to 1978
- Yes
- Occupancy Rate
- 95
- Acreage
- 2.74
- Use Code
- 680 - CHARITABLE EXEMPT-HOSPITAL...
Tax Info
- Parcel #
- 010-070974
- Zoning
- R-4
- Mult Parcels/Sch Dis
- Yes
- Addl Parcel Numbers
- 010-070974; 010-071142; 010-071141; 010-071140; 010-071139
- Assessment
- None
- Tax Abatement
- No
Status Change Info
- Under Contract Date
- 2025-03-07
- Sold Date
- 2025-03-14
- Sold Price/SqFt
- 96.97
1 Bedroom
- 1 Bedroom # of Units
- 33
- 1 Bedroom Month Rent Per Unit
- 1129
More Information
2 Bedroom
- 2 Bedroom # of Units
- 14
- 2 Bedroom Month Rent Per Unit
- 1384
3 Bedroom
- 3 Bedroom # of Units
- Yes
Financials
- Financials ForYearOf
- 2024
- Gross Rental Income
- 617665
Expenses
- R.E. Taxes
- 38265
- Property Insurance
- 21335
- Repairs&Maintenance
- 120070
- Electricity Expense
- 9801
- Accounting & Legal
- 1888
- Property Management
- 43236
- Gas Expense
- 5396
- Water Expense
- 28662
- Supplies
- 14337
- Contract Svc Expense
- 49984
Auction Info
- Auction/Online Bidding Y/N
- No
Sale Info
- Seller Assisted Fin
- Y
- Seller/Buyer Concessions
- N
Location & Property Info
- List Price/SqFt
- 96.97
- City (Mailing Addr)
- Columbus
- Corp LimitPerAuditor
- Columbus
- Dist To Intersxn
- 2
Office/Contract Info
- For Sale
- Yes
- Exchange
- No
Remarks & Misc
- Property Description
- 48 units on Mayfair Blvd & Dale Ave in 12 buildings (4 units per building). The portfolio consists of 33 one-bedroom, 14 two-bedroom, and 1 three-bedroom unit. As of 1/21/25, three units are vacant. Current rent roll and 2024 income/expense proforma available under documents tab. Units are Section 8 rent-subsidized. Owner provides housing stability support for tenants, continuing for up to 12 months post-sale. Built in ~1950, 12 brick buildings. Property is tax-exempt, with potential tax increase after sale. Tours available for vacant units. Tenants pay electricity & gas; owner pays water/sewer & some common electricity. Deed transfer sale. 7% management fee in proforma. No tenant displacement; CHN (seller) provides tenant support.
Income/Expenses
- Gross Income
- 617665
- Net Operating Income
- 286856
- Total Expenses
- 330809
Addl Acceptance Cond
- None Known
- Yes
Construction
- Brick
- Yes
Heat Fuel
- Gas
- Yes
Parking Features
- On Street
- Yes
Sewer
- Public Sewer
- Yes
Services Available
- Electricity Available
- Yes
- Natural Gas Available
- Yes
- Sewer Available
- Yes
- Water Available
- Yes
Miscellaneous
- Basement
- Yes
Tenant Pays
- Gas
- Yes
- Electricity
- Yes
Heating
- Forced Air
- Yes
New Financing
- Conventional
- Yes
Air Conditioning
- Central Air
- Yes
Owner Pays
- Electric
- Yes
- Sewer
- Yes
- Trash
- Yes
- Water
- Yes
MLS Primary PhotoSrc
- Realtor Provided
- Yes
Property Features
Addl Acceptance Cond:
None Known
Parking Features:
On Street
Owner Pays:
Electric; Sewer; Trash; Water
Tenant Pays:
Electricity; Gas
Heat Fuel:
Gas
Heating:
Forced Air
Air Conditioning:
Central Air
Construction:
Brick
Sewer:
Public Sewer
Services Available:
Electricity Available; Natural Gas Available; Sewer Available; Water Available
Miscellaneous:
Basement
New Financing:
Conventional
MLS Primary PhotoSrc:
Realtor Provided
Listing Office:
Keller Williams Capital Ptnrs
Listing Agent:
Joseph C Jackson
Last Updated: March - 14 - 2025
The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Columbus Board of Realtors Multiple Listing Service.Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. Columbus Board of Realtors Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Copyright 2026 Columbus Board of Realtors. All rights reserved.