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: GREENVILLE – CHARLESTON – MYRTLE BEACH
Commercial PropertiesListingsMLS Listings Data
| Total Listings: | 24 |
| Average Price: | $500,917 |
| Highest Listing Price: | $1,499,000 |
| Average Days On Market: | 77 |
| Average Price/SqFt: | $145 |
What's YOUR Home Worth?
Call all investors!!!! We have done all of the work for you! All you have to do is sit back, collect rent and maintain an amazing apartment complex in one of the most popular areas in Columbia!!! Renovated apartments are centrally located in West Columbia near restaurants, shops, breweries and coffee shops. Perfect location to highways, USC and downtown Columbia. NEW roof and HVAC on all units! Each unit has 2 bedrooms After renovations residents are paying $1250. A must see!!
Package of 10 units in sought after building in Five Points: step out your front door to an array of local shopping, incredible restaurants, coffee shops, grocery store and more and walking distance to USC Campus and less than 3 miles to The Vista and downtown business district. These units are all rented except one with leases in place. Package consists of (6) - 2 bedroom/2 bath units with these units having balconies and 1 assigned covered parking space; and the additional (4)units are 2 brm/1ba - and these have 1 dedicated parking space; Living Room, fully equipped kitchens, and secured building.
Grea investment opportunity. This property includes 15 acres , 2 ponds, 6 duplex units that are all currently rented and lots of opportunity to expand. The property is close o interstate access and First Jackson.
19 units for sale minutes away from Midlands Technical College, the Rosewood Shopping District, interstates and Fort Jackson. Most units are at least 900 square feet with 2 bedrooms and 1 bath. Some units have already been updated. Rents range from $700-$795 with the potential to be raised to $825-$850. Owner will not subdivide the sale but wants all 19 sold together. ***Current price per unit in UNDER the fair market value of sales in the neighborhood.***
All leases are now Month to Month except Apt E. Property is under rented. Call agent, Howard #803-348-5707, for appointments. See Docs for Rent Rolls.
This 6.14 acres has 6 duplexes & 3 houses as well as 3 mobile homes .The owners moved the 6 duplexes & 3 homes to this land then totally rehabbed them during their ownership w/new electrical, plumbing, HVAC, insulation &insulated windows. Each bldg has its own septic tank. There are 3 wells: one for 7 bldgs, one for #475, & one for #469-477. All electric for the property w/Dominion. The duplexes are 2BR/1BA. There are two 3BR/2BA SNGF & one 4B/2BA SNGF. There are two 2/br.2BA MH & one3BR/2BA MH. Sale includes the following units: 469, 471, 473, 475, 477, 485, 481 A, 481 B, 483 A, 483 B, 487 A, 487 B, 493 A, 493 B, 495 A, 495 B, 499 A, 499 B.
MUST BE SOLD WITH ADJACENT TMS#006529-03-024 MLS#544145 Adjacent duplex at 5238 Platt Springs Rd also for sale. The two properties share easements
Lot 6- Lot Rent Only- $250, Lot 7 -212- $550, Lot 8 -311- $650, Lot 11 - Lot Rent Only- $250, Lot 12- 212- $500, Lot 13 - 312- $650, Lot 14 - 211- $475, Lot 15- $650 Call Steve Cowart At 803-261-8550 For More Info.
Sale includes both TMS numbers 005627-03-003 & 005627-03-004. Well managed and maintained 8 unit mobile home park. Close to Hwy 1 off Jessamine Rd convenient to Lexington, Columbia, I-20 & I-26. Investors please contact agent for additional rents and maintenance documents. Certificate of Compliance" in progress
Prime Forest Acres location investors! This package of condos offers (3) - 2 Brm/2 Ba units and (1) 1 Brm/1 Ba unit- All rented with positive cash flow. Walking distance to restaurants, shopping and across the street from the soon to be revitalized Richland Fashion Mall that will be comprised of a park, grocery store, brewery and other businesses. Work downtown? These units are located just 5 Minutes to the Columbia business district, Vista and USC for a perfect commute.
Best investment property in the Columbia market! Fully leased with quality tenants. Perfect opportunity for Airbnb or long term rental. Continuous cash flow!
4 unit Multiplex - Currently 3 units are rented, 2 bedroom 2 bath each. Unit A currently vacant.
Call all investors!!!! We have done all of the work for you! All you have to do is sit back, collect rent and maintain an amazing apartment complex in one of the most popular areas in Columbia!!! Renovated apartments are centrally located in West Columbia near restaurants, shops, breweries and coffee shops. Perfect location to highways, USC and downtown Columbia. NEW roof and HVAC on all units! Each unit has 2 bedrooms After renovations residents are paying $1250. A must see!!
Package of 10 units in sought after building in Five Points: step out your front door to an array of local shopping, incredible restaurants, coffee shops, grocery store and more and walking distance to USC Campus and less than 3 miles to The Vista and downtown business district. These units are all rented except one with leases in place. Package consists of (6) - 2 bedroom/2 bath units with these units having balconies and 1 assigned covered parking space; and the additional (4)units are 2 brm/1ba - and these have 1 dedicated parking space; Living Room, fully equipped kitchens, and secured...
Grea investment opportunity. This property includes 15 acres , 2 ponds, 6 duplex units that are all currently rented and lots of opportunity to expand. The property is close o interstate access and First Jackson.
19 units for sale minutes away from Midlands Technical College, the Rosewood Shopping District, interstates and Fort Jackson. Most units are at least 900 square feet with 2 bedrooms and 1 bath. Some units have already been updated. Rents range from $700-$795 with the potential to be raised to $825-$850. Owner will not subdivide the sale but wants all 19 sold together. ***Current price per unit in UNDER the fair market value of sales in the neighborhood.***
All leases are now Month to Month except Apt E. Property is under rented. Call agent, Howard #803-348-5707, for appointments. See Docs for Rent Rolls.
This 6.14 acres has 6 duplexes & 3 houses as well as 3 mobile homes .The owners moved the 6 duplexes & 3 homes to this land then totally rehabbed them during their ownership w/new electrical, plumbing, HVAC, insulation &insulated windows. Each bldg has its own septic tank. There are 3 wells: one for 7 bldgs, one for #475, & one for #469-477. All electric for the property w/Dominion. The duplexes are 2BR/1BA. There are two 3BR/2BA SNGF & one 4B/2BA SNGF. There are two 2/br.2BA MH & one3BR/2BA MH. Sale includes the following units: 469, 471, 473, 475, 477, 485, 481 A, 481 B, 483 A, 483 B, 487...
MUST BE SOLD WITH ADJACENT TMS#006529-03-024 MLS#544145 Adjacent duplex at 5238 Platt Springs Rd also for sale. The two properties share easements
Lot 6- Lot Rent Only- $250, Lot 7 -212- $550, Lot 8 -311- $650, Lot 11 - Lot Rent Only- $250, Lot 12- 212- $500, Lot 13 - 312- $650, Lot 14 - 211- $475, Lot 15- $650 Call Steve Cowart At 803-261-8550 For More Info.
Sale includes both TMS numbers 005627-03-003 & 005627-03-004. Well managed and maintained 8 unit mobile home park. Close to Hwy 1 off Jessamine Rd convenient to Lexington, Columbia, I-20 & I-26. Investors please contact agent for additional rents and maintenance documents. Certificate of Compliance" in progress
Prime Forest Acres location investors! This package of condos offers (3) - 2 Brm/2 Ba units and (1) 1 Brm/1 Ba unit- All rented with positive cash flow. Walking distance to restaurants, shopping and across the street from the soon to be revitalized Richland Fashion Mall that will be comprised of a park, grocery store, brewery and other businesses. Work downtown? These units are located just 5 Minutes to the Columbia business district, Vista and USC for a perfect commute.
Best investment property in the Columbia market! Fully leased with quality tenants. Perfect opportunity for Airbnb or long term rental. Continuous cash flow!
4 unit Multiplex - Currently 3 units are rented, 2 bedroom 2 bath each. Unit A currently vacant.
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.
