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: | 10 |
| Average Price: | $576,320 |
| Highest Listing Price: | $1,679,200 |
| Average Days On Market: | 87 |
| Average Price/SqFt: | $191 |
What's YOUR Home Worth?
A rare opportunity to own four charming lake view cottages nestled just far enough away, yet within 10 minutes of amenities beside beautiful Lake Murray at the Lake Murray Resort and Marina (the Old Spinners) location. These are duplexes with two units per cottage. The cottages are filled with Southern charm with features like wood floors, white kitchens and built in beds to accomodate 4-6 people depending on the unit. Washer and dryer included. They always stay full and often are wait listed! Front porch views of the lake and a private setting. Being offered ASIS. Boat slips are avalable for lease ask agent for details!
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.
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.
Incredible income on this one. Property is pre-leased for Aug. 1 @ $4900/ month ($2500 for Holland and $2400 for Greenwood). If precise square footage and lot size is important, please verify. Information taken from tax records.
2827 Friendly Lane has 9 fully occupied units. Six are mobile homes and 3 are a house/apartment mix. Total gross rents and income are $4803.88/month. Total recurring monthly expenses which includes taxes and insurance are $534.63. The property and units have recently been repaired and updated as needed to maximize rent and cashflow. The property is well maintained and solid management is in place to make this an easy turnkey opportunity. Just purchase and continue to let the property management company do what they do best. All units are on septic tank which saves on monthly cost. A new septic tank was recently installed. There is also a very large storage building on the property to store maintenance supplies. Please contact an agent for more detailed information. Please do not disturb tenants.
Excellent investment opportunity with fully leased Mobile Home Park. Includes a vacant lot for another mobile.
Outstanding investment opportunity in ever-popular Gilbert! These units stay rented!
Olympia is a highly desirable area for investment! This fully rented duplex has tenants until July 31st. Don't miss out!
Each side is rented for $675 to long term tenants currently on month to month lease. Rents could be $800 per side. Large garage/storage building in good shape but conveys as-is. Heating and AC is via window units. To accommodate tenants, the only showings will be on Thursday, June 3 from 4 to 6 pm and Saturday, June 5 from 12 to 2pm. Seller reserves the right to accept an offer earlier and cancel showings. Submit highest and best offer.
A rare opportunity to own four charming lake view cottages nestled just far enough away, yet within 10 minutes of amenities beside beautiful Lake Murray at the Lake Murray Resort and Marina (the Old Spinners) location. These are duplexes with two units per cottage. The cottages are filled with Southern charm with features like wood floors, white kitchens and built in beds to accomodate 4-6 people depending on the unit. Washer and dryer included. They always stay full and often are wait listed! Front porch views of the lake and a private setting. Being offered ASIS. Boat slips are avalable...
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.
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.
Incredible income on this one. Property is pre-leased for Aug. 1 @ $4900/ month ($2500 for Holland and $2400 for Greenwood). If precise square footage and lot size is important, please verify. Information taken from tax records.
2827 Friendly Lane has 9 fully occupied units. Six are mobile homes and 3 are a house/apartment mix. Total gross rents and income are $4803.88/month. Total recurring monthly expenses which includes taxes and insurance are $534.63. The property and units have recently been repaired and updated as needed to maximize rent and cashflow. The property is well maintained and solid management is in place to make this an easy turnkey opportunity. Just purchase and continue to let the property management company do what they do best. All units are on septic tank which saves on monthly cost. A...
Excellent investment opportunity with fully leased Mobile Home Park. Includes a vacant lot for another mobile.
Outstanding investment opportunity in ever-popular Gilbert! These units stay rented!
Olympia is a highly desirable area for investment! This fully rented duplex has tenants until July 31st. Don't miss out!
Each side is rented for $675 to long term tenants currently on month to month lease. Rents could be $800 per side. Large garage/storage building in good shape but conveys as-is. Heating and AC is via window units. To accommodate tenants, the only showings will be on Thursday, June 3 from 4 to 6 pm and Saturday, June 5 from 12 to 2pm. Seller reserves the right to accept an offer earlier and cancel showings. Submit highest and best offer.
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.
