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, 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: | 20 |
| Average Price: | $584,485 |
| Highest Listing Price: | $2,695,000 |
| Average Days On Market: | 78 |
| Average Price/SqFt: | $133 |
What's YOUR Home Worth?
Prime development opportunity in the heart of Rosewood. Tenants in place for instant cash flow.
12 Unit Multi-family investment property on Rosewood Drive in Downtown Columbia, SC. New construction with 3 bedrooms and 3.5 baths in each unit. Very suitable floorplan to suit multiple tenants with a one car garage for additional storage or parking. Very close to USC, Williams-Brice Stadium, Downtown, Fort Jackson, and all Columbia Interstates. Works well for professionals, students, or anyone seeking low maintenance living within walking distance of shopping and USC with only a very short commute to Downtown Main Street. More importantly, located across the street from Rosewood Dairy Bar! 5 units are existing. 7 more pad ready and included in the asking price. *****High demand area for short term rentals (AirBnB) to drastically increase monthly income.******
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.
Location, Location, Location! This multifamily property is located within walking distance to USC Campus and Williams Brice Stadium! Modern updates include vinyl flooring, newer kitchen cabinets, newer fixtures, newer appliances, remodeled bathrooms, and more. Fully occupied with all leases ending 7/31/2021. Plenty of room for rent improvements! Off street parking. Central HVAC. Sold as-is. Buyer to verify all information. Inquire for more information!
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
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.
13.39 Acres on Two Notch Road offers investment opportunity and additional improvement options. 5 rentals included. Prime road frontage on high traffic highway located between Columbia and Elgin.
Wonderful investment opportunity in historic Cottontown. Vintage duplex and two garage apartments. Instant income with tenants in place.
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.
Recession proof. Covid-19 Proof. 100% of rents collected through July 2020 @ a 9 cap! 2231 Holland Street is a 10 pad mobile home park 5 minutes from downtown Columbia. Eight lot rentals and two park owned homes. Public water and sewer. Park owned homes are well kept and have virtually no deferred maintenance. Park is professionally managed, all tenants are rigorously screened. Seller is in process of subdividing lot to exclude building on corner. Will entertain an offer on park and additional building. The building has new roof, windows and multiple possibilities: can be converted to single family or used as commercial space – generating an additional $2,000 per month.
Completely renovated quadraplex only minutes from downtown! Close to public transportation and public services! Great location near major highway. Main Street leads directly into the heart of the city!
GREAT investment opportunity or convert to your dream Heathwood home. This 1925 built home on Devine Street is mostly brick 2 story with 3 units that currently produce almost $2400/month rent. Home could be renovated back to a SFR for the right owner that could then include 5 bedrooms and 3 full baths. Minutes to downtown Columbia, USC, USC medical school and Whole Foods shopping district. Walking distance to Drehr HS and St Joseph's Catholic Church. Unit 1 has 3/2 while Unit 2 is a studio 1/1 apartment and Unit 3 upstairs has 2/1. Keep as an investment property or live in one of the units and rent out the other two. Agents are asked to use antibacterial wipes and masks when previewing.
Prime development opportunity in the heart of Rosewood. Tenants in place for instant cash flow.
12 Unit Multi-family investment property on Rosewood Drive in Downtown Columbia, SC. New construction with 3 bedrooms and 3.5 baths in each unit. Very suitable floorplan to suit multiple tenants with a one car garage for additional storage or parking. Very close to USC, Williams-Brice Stadium, Downtown, Fort Jackson, and all Columbia Interstates. Works well for professionals, students, or anyone seeking low maintenance living within walking distance of shopping and USC with only a very short commute to Downtown Main Street. More importantly, located across the street from Rosewood Dairy Bar!...
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.
Location, Location, Location! This multifamily property is located within walking distance to USC Campus and Williams Brice Stadium! Modern updates include vinyl flooring, newer kitchen cabinets, newer fixtures, newer appliances, remodeled bathrooms, and more. Fully occupied with all leases ending 7/31/2021. Plenty of room for rent improvements! Off street parking. Central HVAC. Sold as-is. Buyer to verify all information. Inquire for more information!
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
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.
13.39 Acres on Two Notch Road offers investment opportunity and additional improvement options. 5 rentals included. Prime road frontage on high traffic highway located between Columbia and Elgin.
Wonderful investment opportunity in historic Cottontown. Vintage duplex and two garage apartments. Instant income with tenants in place.
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.
Recession proof. Covid-19 Proof. 100% of rents collected through July 2020 @ a 9 cap! 2231 Holland Street is a 10 pad mobile home park 5 minutes from downtown Columbia. Eight lot rentals and two park owned homes. Public water and sewer. Park owned homes are well kept and have virtually no deferred maintenance. Park is professionally managed, all tenants are rigorously screened. Seller is in process of subdividing lot to exclude building on corner. Will entertain an offer on park and additional building. The building has new roof, windows and multiple possibilities: can be converted to...
Completely renovated quadraplex only minutes from downtown! Close to public transportation and public services! Great location near major highway. Main Street leads directly into the heart of the city!
GREAT investment opportunity or convert to your dream Heathwood home. This 1925 built home on Devine Street is mostly brick 2 story with 3 units that currently produce almost $2400/month rent. Home could be renovated back to a SFR for the right owner that could then include 5 bedrooms and 3 full baths. Minutes to downtown Columbia, USC, USC medical school and Whole Foods shopping district. Walking distance to Drehr HS and St Joseph's Catholic Church. Unit 1 has 3/2 while Unit 2 is a studio 1/1 apartment and Unit 3 upstairs has 2/1. Keep as an investment property or live in one of the units...
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.
