299 Mayfair Boulevard, 377, Columbus, OH 43213 (MLS# 225002202)

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

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.