529-531 Kelton Avenue, Columbus, OH 43205

Property Description

Rare, fully tax-abated brick duplex with savings in place through 2036. Located in a stable rental market with consistent demand, the property offers convenient access to Nationwide Children's Hospital, Franklin Park Conservatory and Botanical Gardens, downtown Columbus, and a wide range of nearby amenities. Each unit features three bedrooms and one bathroom, along with full basements that provide ample storage and a fenced-in backyard ideal for tenant use. Unit 529 is currently rented at $1,296 per month on a month-to-month lease, creating flexibility and a strong opportunity for an owner-occupant or rent optimization. Unit 531 is leased at $1,310 per month plus a $65 monthly water fee through May 30, 2026, ensuring immediate and stable cash flow, with tenants responsible for gas and electric. Numerous major improvements have already been completed, including furnaces and central AC units replaced in 2021, a new roof installed in 2023, front concrete steps replaced in 2023, rear porches replaced in 2021, and a new fence installed in 2021, providing added peace of mind and reducing near-term capital expenditures for the next owner. Pictures were taken prior to tenant move in and do not showcase new back porches.