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Key Details
Sold Price $3,200,000
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Subdivision Mayfair
MLS Listing ID 225002202
Sold Date 03/14/25
Year Built 1950
Lot Size 2.740 Acres
Lot Dimensions 2.74
Property Sub-Type Mixed Use
Source Columbus and Central Ohio Regional MLS
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 Air
Equipment No
Laundry No Laundry Rooms
Schools
High Schools Columbus Csd 2503 Fra Co.
Others
Tax ID 010-070974
Acceptable Financing Conventional
Listing Terms Conventional
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Tammy Holdren
REALTOR®| Branch Owner | License ID: SALM.2009000626
REALTOR®| Branch Owner License ID: SALM.2009000626