$3,200,000
Columbus, OH 43213
MLS# 225002202
Status: Closed
1 / 40
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.
Details
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
General Property Info
# of Buildings: 12
Occupancy Rate: 95
Built Prior to 1978: Yes
Total Parking: 48
Building Sqft: 33000
Use Code: 680 - CHARITABLE EXEMPT-HOSPITAL...
Number of Units: 48
Year Built: 1950
Acreage: 2.74
Tax Info
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
Parcel #: 010-070974
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.
Status Change Info
Sold Price/SqFt: 96.97
Under Contract Date: 2025-03-07
Sold Date: 2025-03-14
Sold Price: $3,200,000
Income/Expenses
Gross Income: 617665
Net Operating Income: 286856
Total Expenses: 330809
Addl Acceptance Cond
None Known: 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
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
Construction
Brick: 1
3 Bedroom
3 Bedroom # of Units: 1
Heat Fuel
Gas: 1
Parking Features
On Street: 1
Sewer
Public Sewer: 1
Services Available
Electricity Available: 1
Natural Gas Available: 1
Sewer Available: 1
Water Available: 1
Miscellaneous
Basement: 1
Tenant Pays
Gas: 1
Electricity: 1
Auction Info
Auction/Online Bidding Y/N: No
Heating
Forced Air: 1
New Financing
Conventional: 1
Air Conditioning
Central Air: 1
Owner Pays
Electric: 1
Sewer: 1
Trash: 1
Water: 1
MLS Primary PhotoSrc
Realtor Provided: 1
Sale Info
Seller Assisted Fin: Y
Seller/Buyer Concessions: N
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
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 2025 Columbus Board of Realtors. All rights reserved.
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