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
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This multifamily apartment complex has 7 buildings for a total of 28 units. 16 units are two bedroom and 12 units are one bedroom. The site has 28 parking spaces behind the buildings and has ample on street parking as well. Each unit contains a refrigerator, stove and radiant heat/window unit. This property consists of multifamily housing located at 511-537 Saluda Avenue, Columbia, South Carolina, in immediate proximity to the University of South Carolina and the Five Points retail/restaurant hub, a diverse shopping and commercial district that has been a central feature in Columbia, SC culture for over 100 years. Filled with 150 unique retailers, restaurants and businesses, the area hosts multiple major events throughout the year, including the St. Patrick’s Day festival. Also within blocks of the property are the University of South Carolina campus, the City of Columbia Central Business District, the South Carolina State Government Complex, the historic Wales Garden residential neighborhood, and the Vista hospitality district.
- 7 buildings
- 28 total units
- 7 additional basement units that could be rented if uplifted
- TMS: 11307-03-15
11 Duplexes (22 units in all). Welcome to your next investment portfolio acquisition at 1725 Springwood Lake in Columbia SC comprised of 11 Duplexes (22 units in all). The total sq ft of space is 22,666 with avg price per sq $72.80. Homes are close to desirable shopping and dining options, big box stores and easy access to Two Notch Rd. and Hwy 77. Located on the Northeast side of Columbia near the "Windsor" area. The homes have vinyl siding and asphalt shingle roofs. Each unit averages $660 per month in rent per month. Rent rate ranges from $600 to $675 with Gross Rents of $13,900 per month.
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.
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.******
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.
Custom built by award winning builder, The Wilson Company. $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.
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.
This is a stately Two Story Brick Duplex with Gross Monthly Remts pf $5,900.00 per month/$70,800 per year. Lease Expirations are June-July 2021. Renovations just completed with new roof, 4 new HVAC Units re-wired, all new appliances, refinished hardwood floors, paint, all new kitchens and new baths, out back patio/entertainment area and fully furnished. This is a very exceptional property in a great location close to 5 Points and USC campus.
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. Ideal Value Add Long Term Investment. Rents Average only $313 Per Bedroom. And approximately $60 per sq. ft.
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.
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.
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.
This multifamily apartment complex has 7 buildings for a total of 28 units. 16 units are two bedroom and 12 units are one bedroom. The site has 28 parking spaces behind the buildings and has ample on street parking as well. Each unit contains a refrigerator, stove and radiant heat/window unit. This property consists of multifamily housing located at 511-537 Saluda Avenue, Columbia, South Carolina, in immediate proximity to the University of South Carolina and the Five Points retail/restaurant hub, a diverse shopping and commercial district that has been a central feature in Columbia, SC...
11 Duplexes (22 units in all). Welcome to your next investment portfolio acquisition at 1725 Springwood Lake in Columbia SC comprised of 11 Duplexes (22 units in all). The total sq ft of space is 22,666 with avg price per sq $72.80. Homes are close to desirable shopping and dining options, big box stores and easy access to Two Notch Rd. and Hwy 77. Located on the Northeast side of Columbia near the "Windsor" area. The homes have vinyl siding and asphalt shingle roofs. Each unit averages $660 per month in rent per month. Rent rate ranges from $600 to $675 with Gross Rents of $13,900 per...
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.
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.
Custom built by award winning builder, The Wilson Company. $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.
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.
This is a stately Two Story Brick Duplex with Gross Monthly Remts pf $5,900.00 per month/$70,800 per year. Lease Expirations are June-July 2021. Renovations just completed with new roof, 4 new HVAC Units re-wired, all new appliances, refinished hardwood floors, paint, all new kitchens and new baths, out back patio/entertainment area and fully furnished. This is a very exceptional property in a great location close to 5 Points and USC campus.
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. Ideal Value Add Long Term Investment. Rents Average only $313 Per Bedroom. And approximately $60 per sq. ft.
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.
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.
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...
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.
