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

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

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 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.