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:
34
Average Price:
$542,176
Highest Listing Price:
$2,800,000
Average Days On Market:
50
Average Price/Sqft:
$79

What's YOUR Home Worth?

Number of MLS Listings 1 - 12 of 34 Set Up Email Alerts

This is a portfolio of 30 Rental Properties totaling 63 bedrooms. Current...

This is a portfolio of 30 Rental Properties totaling 63 bedrooms. Current gross rents of $24,010 per month or $288,120 per year at 100% occupancy. Twenty eight of the 30 units have either had renovations or full renovations completed within the last 5 years.

$ 2,389,500
View details Beds - 5 Baths - 2 Sqft - 25000
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
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 - 0 Baths - 0 Sqft - 1
Custom built by award winning builder, The Wilson Company. Expected...

Custom built by award winning builder, The Wilson Company. Expected completion date early April. $79,200 in gross rents per year. Already pre-leased with security deposits til 6-23-21 - Tenants pay all utilities including water/sewer and yard maintenance. 10ft ceilings up and down stairs, stunning interiors. All 6 bedrooms have private baths. This is one of the most exceptional multi-family properties ever built in Columbia.

$ 799,000
View details Beds - 6 Baths - 6 Sqft - 2630
Unique 20 +/- Acre Equestrian opportunity offers (1)1100 SF & (2)1650 SF...

Unique 20 +/- Acre Equestrian opportunity offers (1)1100 SF & (2)1650 SF condos on main level with pasture views, 1 mid level 864 SF apartment over looking 40 x 80 x 16 indoor arena, 6 stalls with video capability, foaling stall, tack room, wash rack, office and half bathroom. Detached double carport and barn with 7 stalls, wash rack, hay loft and breeding shed, exterior round pen and beautiful fenced pastures. This complex was home to the infamous Alladdinn Cass and training facility for Arabian stallions.

$ 795,000
View details Beds - 6 Baths - 4 Sqft - 4400
15 Brick Apartments With Gross Rents of $8,760 Per Month or $99,210 Per...

15 Brick Apartments With Gross Rents of $8,760 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 $313 Per Bedroom. And approximately $62 per sq. ft.

$ 699,000
View details Beds - 9 Baths - 5 Sqft - 11600
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. Lots of NEW HVAC systems and appliances. 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!! MHs have central HVAC, additional window units and washers & dryers. Public water/sewer and all utilities are paid by tenants. Appraisal, P&L and rent roll on file.

$ 480,000
View details Beds - 6 Baths - 4 Sqft - 16000
A very unique opportunity to live in one of Columbia's favorite...

A very unique opportunity to live in one of Columbia's favorite neighborhoods, Shandon, while also having a second unit potentially pay some or all of your mortgage! OR maximize cash flow by renting both units. Already a 5 star property on AirBNB! This ideal location feeds into Rosewood, Hand and Dreher while also being walking distance to 5 Points, USC, Devine Street shopping and dining, Rosewood shopping and dining and just blocks from schools and local area parks. Each unit features 2 bedrooms and 1 bath with large a living room, formal dining room, small office, private laundry room, covered porch, and classic square central hall. Loaded with character, enjoy hardwood floors, high ceilings, heavy molding, transom windows, rounded archways, and 5 panel doors. Exterior features include a paver patio, fire pit, and large back yard with ample off-street parking. Updates include: 2019 - HVAC (furnace, ductwork), new pex water lines, new water line to street, new plumbing fixtures throughout, new lighting fixtures throughout, new kitchen cabinets, quartz counters and backsplashes, brand new appliances, refinished floors, interior paint, smart door locks and thermostats. PLUS, the roof was replaced in 2020 with architectural shingles.

$ 424,900
View details Beds - 4 Baths - 2 Sqft - 2714
2231 Holland Street is a 10 pad mobile home park 5 minutes from downtown...

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. Additional building on corner has new roof and windows. The building has multiple possibilities: can be converted to single family or used as commercial space – generating an additional $2,000 per month. Park owned homes are well kept and have virtually no deferred maintenance. Park is professionally managed, all tenants are rigorously screened.

$ 398,000
View details Beds - 6 Baths - 2 Sqft - 100

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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