Columbia SC multi-family Real Estate for sale. Investment multifamily portfolio properties for sale in Columbia SC. Income-producing real estate for investors looking in and around Columbia South Carolina. Apartment complexes for sale Columbia SC and multi-unit communities & buildings. Below are all the multi-unit, multi-family properties for sale in the Midlands of South Carolina, including Duplex, Triplex, quadplex, mobile home parks, entire buildings & more. Including entire apartments in and around the Columbia area: St Andrews, Lexington, Northeast, Downtown, and surrounding areas. 

OTHER SC MARKETS: GREENVILLECHARLESTONMYRTLE BEACH

MLS Listings Data

Total Listings: 17
Average Price: $334,482
Highest Listing Price: $1,200,000
Average Days On Market: 68
Average Price/SqFt: $143

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Number of MLS Listings 1 - 12 of 17

Great Income Potential - 28 Lot Mobile Home Park on 23.73 Acres. Per...

Great Income Potential - 28 Lot Mobile Home Park on 23.73 Acres. Per recent appraisal, this MH Park offers an approx. CAP Rate of 10.5%. All of the lots are improved with well and septic available. There are 20 POH(Park Owned Homes) and 8 Lots rented. The POH's are a mixture of 2, 3, and 4 bedroom homes. There is one double-wide MH located on Lot 24 that has a higher rent than the other homes. There are 4 POH's that the occupants are either the owner or have some related ties to the owner.

$ 1,200,000
View details Beds - Baths - Sqft - 1
Bulk Commercial property formerly MHP with 7 units remaining and 4 active...

Bulk Commercial property formerly MHP with 7 units remaining and 4 active long time residents. Property is ripe for general commercial development. Convenient to I-20, I-26,I-77 and Columbia Metro Airport. Property adjacent to 1351 Two Notch Rd. 1.6 ac (separate seller). Call Central City Realty, Inc. for additional info. 803 223-3894

$ 600,000
View details Beds - 4 Baths - 2 Sqft - 1000
GREAT MOBILE HOME PARK INVESTMENT OPPORTUNITY ON 3.52 ACRES. UNIT A- New...

GREAT MOBILE HOME PARK INVESTMENT OPPORTUNITY ON 3.52 ACRES. UNIT A- New 4 ton HVAC, granite countertops, kitchen bar, big man garden tub, ceiling fans, new toilets, tile on fireplace, new flooring, 3 decks & handicap ramp, new roof, stainless steel appliances, & metal carport. UNIT B - New flooring, ceiling fans, stove , paint, toilets, tile in shower, light fixtures, refrig, tile in master floor, master BA remodeled, & new door in kitchen. UNIT C- New flooring, ceilings fans, stainless steel appliances, new blinds, granite countertops & new roof. UNIT D- Gutted inside of older home & built new 4BR, new paint, flooring, stove hood, windows throughout, master bath remodeled, & new metal roof. UNIT E- new deck with cover, granite countertops, flooring throughout, master tub, cabinets in master bath, cabinets in kitchen, stainless steel stove & stainless steel frig. WOW, what a great income opportunity. Plus 6 additional trailers can put on the property already approved. Appointment necessary to view and must call agent. 24 -48 hour notice required due to tenant occupancy.

$ 575,000
View details Beds - 17 Baths - 11 Sqft - 4692
This package of 7 homes, all currently rented. Listing includes 141, 143,...

This package of 7 homes, all currently rented. Listing includes 141, 143, 145, 146. 147, 148 149 Rem Court. Court. The rents are $735, $595, $575, $695, $735, $710, $595 for a total $4640 per month.

$ 535,000
View details Beds - 5 Baths - 5 Sqft - 7300
Four fully leased townhomes for sale in the well maintained Piney Woods...

Four fully leased townhomes for sale in the well maintained Piney Woods community. Rents are below market and ARV for individual units is SIGNIFICANTLY higher than asking price, giving purchaser instant equity and upside potential. All units have same floorplan and finishes. Gross rents: 40,440. Expenses: 14,976 (includes taxes, insurance, maintenance, and $50 per month HOA). NOI: 25,464. Seller may consider selling units individually. All leases are month to month.

$ 395,000
View details Beds - 12 Baths - 8 Sqft - 1288
Classic one story brick duplex on highly coveted Whittaker Drive. Each 2...

Classic one story brick duplex on highly coveted Whittaker Drive. Each 2 bedroom one bath side has a charming front porch, spacious back deck, plantation shutters, and hardwood flooring in the living room, bedrooms and hall. The roof was installed about 2016. HVAC units were installed in 2013 and 2014. There is also a detached 2 car garage. Zoned for award winning Richland One schools, close to shopping, interstates, colleges and Ft. Jackson. Consistent rental history with most tenants staying multiple years.

$ 294,500
View details Beds - 4 Baths - 2 Sqft - 2030
Well built Quadraplex located in the city of Cayce with no HOA and fully...

Well built Quadraplex located in the city of Cayce with no HOA and fully occupied with long term tenants. Income opportunities of $2630 per month. One unit was recently renovated with new floors, cabinets, and countertops.

$ 280,000
View details Beds - 8 Baths - 4 Sqft - 3060
Solid investment property. Four large units with 2 bedroom/1 bath each...

Solid investment property. Four large units with 2 bedroom/1 bath each plus washer dryer connections, eat in kitchen, dishwashers and central HVAC. New pressure treated stairs to both second floor units. One unit currently under going remodel down to the studs. This unit will have LVP flooring, new everything. Large private cul-de-sac lot. Tenants pay electric, owner pays county water w septic.

$ 250,000
View details Beds - 8 Baths - 4 Sqft - 3200
Well maintained triplex- roof approx. 2018, windows approx. 2018, attic...

Well maintained triplex- roof approx. 2018, windows approx. 2018, attic insulation approx. 2018. All units are 2 bedrooms, 1.5 baths and have individual washer/dryer connections. Property is in floodplain. Owner pays approx. $2700 per year for flood insurance but that may be high.

$ 249,900
View details Beds - 6 Baths - 3 Sqft - 2890
Fully leased Triplex which has been leased last 6 years. Current total...

Fully leased Triplex which has been leased last 6 years. Current total rents of $1,975/mth or $ 23,700/yr. All leases are mtm to allow new owner flexibility to modify lease terms. Excellent location for long term rentals and convenient to USC, shopping, and restaurants. Other properties available for purchase individually or as a package. Property will be open to view on Monday April 12th from 1:00pm-2:00pm.

$ 239,900
View details Beds - 3 Baths - 3 Sqft - 1598
Great investment opportunity. Two mobile homes on 1.98 acres. C is a...

Great investment opportunity. Two mobile homes on 1.98 acres. C is a triple wide and B is a single wide. Unit C has new granite countertops, New laminate 7 vinyl flooring throughout, bathroom completely remodeled, new paint throughout, new HVAC 5 ton unit, New windows, new blinds, crown molding in living room , master bedroom & kitchen, new ceilings fans, new deck on front and back, new stainless steel stove and frig. Also, new siding 2020 Unit B was older home and completely gutted and made new. new floors, walls, and ceilings, new paint throughout, new stainless steel frig, two sheds, and new HVAC. Appointment necessary to view properties so please call agent. Please do not bother tenants.

$ 235,000
View details Beds - 7 Baths - 4 Sqft - 2776
Great Investment Property near The University of South Carolina Stadium. ...

Great Investment Property near The University of South Carolina Stadium. Buyer's & buyer's agent to verify any info that is important to them including but not limited to: sq. ft, HOA, school, property data info, etc. Lot next door is included in this sale.

$ 200,000
View details Beds - 2 Baths - 2 Sqft - 1800

Buying Multifamily

Pros of investing in apartment buildings

More income faster

Multifamily properties have multiple rental units that produce more cash flow at a faster rate than a single rental unit. Rather than having to buy several single-family rentals over time, you can make more cash flow with the purchase of just one building.

Vacancy

With a multi-unit investment like an apartment building, there are multiple rental units that can be used to offset a loss in rents from vacancy. If 20% of the units are vacant, 80% are still producing income which allows you to cover costs like debt service, property taxes, or other related property expenses.

Economy of scale

The economy of scale is spreading fixed costs over an increased number of units. Property expenses and holding costs relating to an apartment building are typically far less than a portfolio of single-family rental properties because there are multiple units under one roof.

Property taxes, insurance, and management fees are generally fixed and the cost to replace the roof of a single-family home or a small apartment building that has six units under one roof is relatively the same. As the number of rental units increases, income is increased while reducing your cost, making it more cost-effective than multiple single-family rentals.

Cons of investing in apartment buildings

Affordability

The largest downside to investing in apartment buildings is affordability. Multifamily properties can be expensive and require more upfront capital to get started. Investors should expect to have around 20% of the purchase price. There are opportunities to raise capital using multiple resources. This is by far the largest barrier and is often why people invest in single-family properties first.

Management

Managing an apartment building can fall under both pro and con, similar to managing a single-family rental. On one side, you’re managing all of the tenants in one location, typically under one roof. You don’t have to drive all over town. However, there are more tenants and units to maintain and manage, meaning more responsibility, organization, and in general more potential problems. A good and robust management software can help considerably for a well-organized system.