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: GREENVILLECHARLESTONMYRTLE BEACH

MLS Listings Data

Total Listings:
12
Average Price:
$585,942
Highest Listing Price:
$2,850,000
Average Days On Market:
55
Average Price/Sqft:
$87

What's YOUR Home Worth?

Number of MLS Listings 1 - 12 of 12 Set Up Email Alerts

12 Unit Multi-family investment property on Rosewood Drive in Downtown...

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. 9.1% Proforma Cap Rate. *****High demand area for short term rentals (AirBnB) to drastically increase monthly income.******

$ 2,200,000
View details Beds - 15 Baths - 15 Sqft - 18000
15 Brick Apartments With Gross Rents of $8,260 Per Month or $99,210 Per...

15 Brick Apartments With Gross Rents of $8,260 Per Month or $99,210 Per Year at 100% occupancy. 28 Total Bedrooms. Tenants Pay Water and Sewer, Sales Includes 6 Duplexes And 1 Triplex. 13 Two BR/1BA Units And 2 One BR/1 BA Units. All New Roofs And Exterior Painting Completed July 2019 And Many Improvements To Interiors of Apartments. Ideal Value Add Long Term Investment. Rents Average only $295 Per Bedroom. And approximately $62 per sq. ft.

$ 715,000
View details Beds - 9 Baths - 5 Sqft - 11600
This eight unit investment opportunity is located within walking distance...

This eight unit investment opportunity is located within walking distance to the USC Campus and will not last long! 100 % Occupied. Great rental history with minimal turnover time and room for rent improvements. All units feature hardwood floors with an off street parking space. Most units have walk in closets and balconies. There is an unfinished basement that could be turned into living space or room for washer and dryers. Buyer to verify ALL information! Call Agent for more details!

$ 699,900
View details Beds - 6 Baths - 5 Sqft - 6820
7 unit apartment building in the heart of USC Campus and two blocks from 5...

7 unit apartment building in the heart of USC Campus and two blocks from 5 Points. 1 Bed/1 Bath in each unit. Possible Owner Financing with 30% down. Call 803-553-1200 for more info.

$ 575,000
View details Beds - 4 Baths - 4 Sqft - 5200
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
ATTENTION INVESTORS! Mobile Home Park with 19 MH, one single family home...

ATTENTION INVESTORS! Mobile Home Park with 19 MH, one single family home (3 BR, 2 BA, 1,400sf), office building with one bedroom apartment, garage, shop and lots of storage. Currently making over $11,000 monthly!! Insides of MHs have recently been renovated. This MH Park has an onsite maintenance man who rents the SF Home. The office apartment could be rented as well and there is potential for more income with the shop/garage that could be a repair shop for example. All homes are rented and immediately have a new tenant when someone moves out!! All MHs have central HVAC, additional window units and washers & dryers. Public water/sewer and all utilities are paid by tenants. Lot next door is for sale (different seller) for possible expansion. Appraisal and rent roll on file.

$ 480,000
View details Beds - 6 Baths - 4 Sqft - 16000

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. 

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