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
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.
Supplements: ********
More Information MLS# 225002202
Location Property Info
Original List Price: 3200000
Sold Price: $3,200,000
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
Status: Closed
MLS Entry Date: 2025-01-24
General Property Info
Number of Units: 48
# of Buildings: 12
Total Parking: 48
Off Street Parking Spaces: 1
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: $3,200,000
Sold Price/SqFt: 96.97
1 Bedroom
1 Bedroom # of Units: 33
1 Bedroom Month Rent Per Unit: 1129
2 Bedroom
2 Bedroom # of Units: 14
2 Bedroom Month Rent Per Unit: 1384
3 Bedroom
3 Bedroom # of Units: 1
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
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 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 2020 Columbus Board of Realtors. All rights reserved.
