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
MLS Listings Data
| Total Listings: | 24 |
| Average Price: | $419,658 |
| Highest Listing Price: | $1,750,000 |
| Average Days On Market: | 22 |
| Average Price/SqFt: | $103 |
What's YOUR Home Worth?
The Carrington is a stabilized asset which is close to full occupancy. The property features three all brick, two-story buildings with eight one bedroom units in each. The current ownership continues to achieve higher quarter over quarter rent levels. Although the property is well maintained, the opportunity to add value through capital upgrades is significant, as well as improvement in rent levels due to a marketwide lack of affordable housing. Excellent upside due to value-add opportunities. BELOW MARKET RENTS.
100% Fully leased student rental units with gross monthly rents of $11,400 per month, $136,800 per year. Leases in place from July 1, 2022 until June 30, 2023. Tenants pay all utilities including water and sewer. A total of 17 bedrooms and 9 full baths. In close proximity to USC campus. This is a turn key investment opportunity for any serious investor. Cash or commercial loans only. Contact listing agent for a breakdown of rents and financial information.
Hot MH park in desirable Gilbert, SC. Most units month to month terms with much needed rent increases. Owner is retiring. Stable and growing area with a waiting list for tenants. 11 units consisting of 10 double wides and 1 single wide. Tons of unused land in this parcel for future development. Zoned for great schools that are very close by. 20 minutes from all Lexington amenities and Lake Murray. Major employers even closer. Huge upside to increase rents to market rates after cosmetic repairs are completed. Owner is tired and tenants have been in place for 10+ years in some cases. NOI is $67,884 with abundant room to increase rent with very little improvement.
"HEART OF UofSC". A Bailey Bill project - save on property taxes. No better location. Walk to campus, Five Points, already leased for the coming school year. A newly renovated property with plenty of off street parking. An investor's rare opportunity to own a prime University property.
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
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.
Mobile home community is a rare opportunity for investors. Over $7,000 in rent roll. Only pre approved or Proof of funds buyers to tour with manager. Please be specific with your lender of the type of property Sheffey Mobile Home Community is. Traditional lending is not an option. Seller owns the land and 10 mobile homes. There is one vacancy at the time of listing. Occupancy is subject to change at any moment. Rent from $450-$850 Click virtual tour to view the property.
Mobile home park with 5 updated mobile homes, and rental income of $7,000/month!! Potential to add even more value. This property is 3.52 acres and has been approved for 12 mobile homes per acre so around 30 more mobile homes can be added! Newer HVAC units and newly remodeled homes so the maintenance cost is only about $100/month total for the whole mobile home park. Maintenance man in place. Wonderful passive income opportunity!! Lot A - 1998 Doublewide - Mostly remodeled Lot B - 1995 Singlewide - Mostly remodeled Lot C - 1996 Doublewide - Mostly remodeled Lot D - 1974 Singlewide - Added on to and completely remodeled in 2017 Lot E - 1995 Singlewide - Mostly remodeled
Quad/multi-family renting @ $3,750 a month total ... all on one year leases. Newly updated.
Great investment opportunity with the potential to increase rent rates with renovations. Seven out of the nine mobile homes are currently occupied with month to month leases. Zoning is RU per Lexington County. Community well with individual septics. Also includes TMS #'s 007622-01-044, 007622-01-038, 007622-01-010, and 226 A and 226 B Cross Road.
The cottages at Lake Murray. Turn key opportunity own a duplex overlooking the lake! Each unit has built in furniture in the bedroom areas. Two sets Bunk beds in the loft to sleep 4 and private master on main. Washer & dryer, furnished inside. There are additional cottages available please ask agent for details as they are currently rented on a monthly basis. Being sold AS IS. Marina across the street with public boat slips for rent, subject to availability. Welcome to the lake!
DUPLEX for sale (both units A/B). Prime investment location for sustained cash flow and long-term growth. 1 story, side-by-side property in great condition. Property is located ONLY 8 mins to downtown, 6 mins to USC, 5 mins to VA hospital, Walking distance to football stadium, Near i77 and 378. All brick, great condition, wood floors, spacious layout with separated backyards via privacy fence AND private access to a storage shed w/ individual deep driveways for ample parking. Multiple cash-flowing strategies for a wealth-generating opportunity!
The Carrington is a stabilized asset which is close to full occupancy. The property features three all brick, two-story buildings with eight one bedroom units in each. The current ownership continues to achieve higher quarter over quarter rent levels. Although the property is well maintained, the opportunity to add value through capital upgrades is significant, as well as improvement in rent levels due to a marketwide lack of affordable housing. Excellent upside due to value-add opportunities. BELOW MARKET RENTS.
100% Fully leased student rental units with gross monthly rents of $11,400 per month, $136,800 per year. Leases in place from July 1, 2022 until June 30, 2023. Tenants pay all utilities including water and sewer. A total of 17 bedrooms and 9 full baths. In close proximity to USC campus. This is a turn key investment opportunity for any serious investor. Cash or commercial loans only. Contact listing agent for a breakdown of rents and financial information.
Hot MH park in desirable Gilbert, SC. Most units month to month terms with much needed rent increases. Owner is retiring. Stable and growing area with a waiting list for tenants. 11 units consisting of 10 double wides and 1 single wide. Tons of unused land in this parcel for future development. Zoned for great schools that are very close by. 20 minutes from all Lexington amenities and Lake Murray. Major employers even closer. Huge upside to increase rents to market rates after cosmetic repairs are completed. Owner is tired and tenants have been in place for 10+ years in some cases. NOI is...
"HEART OF UofSC". A Bailey Bill project - save on property taxes. No better location. Walk to campus, Five Points, already leased for the coming school year. A newly renovated property with plenty of off street parking. An investor's rare opportunity to own a prime University property.
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
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.
Mobile home community is a rare opportunity for investors. Over $7,000 in rent roll. Only pre approved or Proof of funds buyers to tour with manager. Please be specific with your lender of the type of property Sheffey Mobile Home Community is. Traditional lending is not an option. Seller owns the land and 10 mobile homes. There is one vacancy at the time of listing. Occupancy is subject to change at any moment. Rent from $450-$850 Click virtual tour to view the property.
Mobile home park with 5 updated mobile homes, and rental income of $7,000/month!! Potential to add even more value. This property is 3.52 acres and has been approved for 12 mobile homes per acre so around 30 more mobile homes can be added! Newer HVAC units and newly remodeled homes so the maintenance cost is only about $100/month total for the whole mobile home park. Maintenance man in place. Wonderful passive income opportunity!! Lot A - 1998 Doublewide - Mostly remodeled Lot B - 1995 Singlewide - Mostly remodeled Lot C - 1996 Doublewide - Mostly remodeled Lot D - 1974 Singlewide - Added...
Quad/multi-family renting @ $3,750 a month total ... all on one year leases. Newly updated.
Great investment opportunity with the potential to increase rent rates with renovations. Seven out of the nine mobile homes are currently occupied with month to month leases. Zoning is RU per Lexington County. Community well with individual septics. Also includes TMS #'s 007622-01-044, 007622-01-038, 007622-01-010, and 226 A and 226 B Cross Road.
The cottages at Lake Murray. Turn key opportunity own a duplex overlooking the lake! Each unit has built in furniture in the bedroom areas. Two sets Bunk beds in the loft to sleep 4 and private master on main. Washer & dryer, furnished inside. There are additional cottages available please ask agent for details as they are currently rented on a monthly basis. Being sold AS IS. Marina across the street with public boat slips for rent, subject to availability. Welcome to the lake!
DUPLEX for sale (both units A/B). Prime investment location for sustained cash flow and long-term growth. 1 story, side-by-side property in great condition. Property is located ONLY 8 mins to downtown, 6 mins to USC, 5 mins to VA hospital, Walking distance to football stadium, Near i77 and 378. All brick, great condition, wood floors, spacious layout with separated backyards via privacy fence AND private access to a storage shed w/ individual deep driveways for ample parking. Multiple cash-flowing strategies for a wealth-generating opportunity!
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.
