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299 Mayfair Boulevard #377 Columbus, OH 43213
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Key Details
Sold Price $3,200,000
Property Type Multi-Family
Sub Type Combination
Listing Status Sold
Purchase Type For Sale
Subdivision Mayfair
MLS Listing ID 225002202
Sold Date 03/14/25
Originating Board Columbus and Central Ohio Regional MLS
Year Built 1950
Lot Size 2.740 Acres
Lot Dimensions 2.74
Property Sub-Type Combination
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.
Location
State OH
County Franklin
Community Mayfair
Area 2.74
Zoning R-4
Rooms
Other Rooms None
Dining Room No
Interior
Heating Forced Air
Cooling Central
Equipment No
Laundry No Laundry Rooms
Exterior
Parking Features 2 Off Street, On Street
Schools
High Schools Columbus Csd 2503 Fra Co.
Others
Tax ID 010-070974
Acceptable Financing Conventional
Listing Terms Conventional
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