NOT LISTED FOR SALE

573 Bailey Dr Mansfield, OH 44904

23 Beds
10 Baths
9,408 Sq Ft
0.43 Acres

Last Sold July 12, 2023

Last sale price $675,510 $72 Per Sq Ft

2 Days on Market

Highlights

  • Cooling Available
  • Heating System Uses Oil
  • 3-minute walk to Fox Glen Park
  • Garage

About This Home

As of July 2023

MOTIVATED SELLER!!!! Awesome Investment Opportunity! 12-Unit Apartment Complex located in Mansfield, OH, Lexington City Schools. 11 of the units are 2 bedroom, 1 bath & 1 unit is 1 bedroom & 1 bath. Each unit has its own set of glass sliders that lead to private deck/patio. Appliances in most units convey. Detached carport for each unit as well as a 1 car detached garage - currently used for storage for landlord. Coin operated laundry onsite(2 washers/2 dryers). Concrete drive. This is a SUPER Opportunity!

Last Agent to Sell the Property

Shad Bevington

Re/Max Stars License #2005016957 Listed on: 05/18/2023

Re/Max Stars

Last Buyer's Agent

NON MEMBER

NON MEMBER OFFICE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,310

Year Built

  • Built in 1977

Lot Details

  • 0.43 Acre Lot

Home Design

  • 9,408 Sq Ft Home
  • Frame Construction

Parking

  • Garage
  • 3 Carport Spaces

Utilities

  • Cooling Available
  • Heating System Uses Oil

Listing and Financial Details

  • The owner pays for sewer, trash collection, water
  • Assessor Parcel Number 056-92-199-11-000

Community Details

Overview

  • 12 Units
  • Mid-Rise Condominium

Building Details

  • Operating Expense $18,000
  • Gross Income $7,100
  • Net Operating Income $67,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,310

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1977
  • Tax Year: 2022
  • Property Sub-Type: Midrise
  • Lot Size Acres: 0.43
  • Total Gross Income: 7100.0
  • Co List Office Phone: 740-392-7000
  • MLS Status: Closed
  • Location Property Info List PriceSqFt: 71.75
  • Remarks Misc Hot Sheet Comments: new
  • Sewer:Public Sewer: Yes
  • Income Expenses Gross Income: 7100.0
  • Annual Expenses: 18000.0
  • General Property Info Building Sq Ft: 9408.0
  • Heat Fuel Electric4: Yes
  • Owner Pays Sewer3: Yes
  • Owner Pays Trash2: Yes
  • Owner Pays Water4: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction:Frame: Yes

Garage/Parking

  • Parking Features 1 Car Garage2: Yes
  • General Property Info Carport Spaces2: 3.0

Utilities

  • Sewer: Public Sewer
  • Heating: Oil
  • Cooling: Other
  • Cooling Y N: Yes

Schools

  • Junior High Dist: LEXINGTON LSD 7003 RIC CO.

Lot Info

  • Parcel Number: 056-92-199-11-000
  • Lot Size Sq Ft: 18730.8

Rental Info

  • Owner Pays: Sewer, Trash Collection, Water

Multi Family

  • Number Of Units Total: 12
  • Net Operating Income: 67200.0
  • Annual Operating Expense: 18000.0

Tax Info

  • Tax Annual Amount: 5310.0
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/12/2023 07/12/23 Sold $675,510 +0.1% $72 / Sq Ft
05/20/2023 05/20/23 Pending -- -- --
05/18/2023 05/18/23 For Sale $675,000 -- $72 / Sq Ft
Source: Columbus and Central Ohio Regional MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $5,420 $87,110 $15,250 $71,860
2023 $5,413 $87,110 $15,250 $71,860
2022 $5,310 $73,500 $13,860 $59,640
2021 $5,246 $73,500 $13,860 $59,640
2020 $5,216 $73,500 $13,860 $59,640
2019 $5,404 $73,500 $13,860 $59,640
2018 $4,753 $73,500 $13,860 $59,640
2017 $4,755 $73,500 $13,860 $59,640
2016 $4,783 $72,570 $12,600 $59,970
2015 $4,783 $72,570 $12,600 $59,970
2014 $4,741 $72,570 $12,600 $59,970
2012 $6,635 $109,080 $12,600 $96,480
Source: Public Records

Agents Affiliated with this Home

  • Shad Bevington

    Seller's Agent in 2023

    Shad Bevington

    RE/MAX

    (740) 504-4069

    3 in this area

    306 Total Sales

    Shad Bevington
    Section Image

  • N

    Buyer's Agent in 2023

    NON MEMBER

    NON MEMBER OFFICE

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Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 223014691

Columbus and Central Ohio Regional MLS
Ohio Richland County Mansfield 44904

573 Bailey Dr, Mansfield, OH

Not Listed for Sale

MultiFamily

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