NOT LISTED FOR SALE

573 Bailey Dr Mansfield, OH 44904

23 Beds
10 Baths
9,408 Sq Ft
0.43 Acre Lot

Sale Details

Date 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

  • 18,731 Sq Ft 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 Community

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

0.43 Acres

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $5,420 $87,110 $15,250 $71,860
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

    291 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

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