419-435 N Ohio Ave, Columbus, OH 43203

Description

Invest in one of Downtown Columbus' most promising rental corridors with this 9-unit multifamily opportunity across the street from the King-Lincoln Bronzeville neighborhood. The multi-family asset features seven 2-bedroom units and two 3-bedroom units, offering an ideal unit mix for strong rental demand and long-term portfolio stability.

The property benefits from a LIHTC tax abatement through 2028, with the potential to renew tax credits for up to an additional 30 years (subject to program qualifications and applicable regulations), creating an attractive opportunity for affordable housing investors. The property is also eligible for Section 8 housing, providing additional leasing flexibility and a reliable tenant pool.

Major capital improvements include a new roof installed in 2022, helping reduce future maintenance costs.

Positioned just minutes from Downtown Columbus, Nationwide Children's Hospital, Grant Medical Center, Franklin Park Conservatory, the Lincoln Theatre, and the rapidly expanding Near East Side, this location continues to benefit from significant public and private investment. King-Lincoln Bronzeville is celebrated for its rich cultural history, thriving arts scene, and convenient access to I-70, I-71, and I-670, making commuting throughout Central Ohio exceptionally convenient.

The neighborhood has experienced continued revitalization with new residential development, restaurants, retail, and community investment while maintaining its historic character.

Please do not disturb tenants. Owner is a licensed real estate agent in the State of Ohio.