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: | 28 |
| Average Price: | $346,336 |
| Highest Listing Price: | $2,400,000 |
| Average Days On Market: | 39 |
| Average Price/SqFt: | $88 |
What's YOUR Home Worth?
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.******
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. Units can be converted to 1 large SFR. 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.
15 Brick Apartments With Gross Rents of $8,760 Per Month or $105,120 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 $58 per sq. ft.
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.
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!
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.
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.
Fully leased quadraplex with gross monthly rents of $2,835 per month. Excellent location, convenient to interstate, USC, restaurants, and shopping. This is an "AS IS" Sale. This property is 110 years old and priced accordingly at approx. $78 per square foot.
Convenient to Fort Jackson, USC, shopping and dining.
All brick duplex located in the lovely Cottontown neighborhood. Walking distance to the Bull Street District, War Mouth, Indah Coffee and Cottontown Brew Lab. Each side is 1 bedroom, 1 bath with hardwood floors, living room fireplace, updated kitchens and bathrooms and washer/dryer connections. This property has been well taken care of with many upgrades to included updated electrical, plumbing, and new roof and could be converted to single family, if ever desired.
Fantastic opportunity for conversion to single family. SOLD AS-IS
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!...
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. Units can be converted to 1 large SFR. 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.
15 Brick Apartments With Gross Rents of $8,760 Per Month or $105,120 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 $58 per sq. ft.
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.
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!
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...
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...
Fully leased quadraplex with gross monthly rents of $2,835 per month. Excellent location, convenient to interstate, USC, restaurants, and shopping. This is an "AS IS" Sale. This property is 110 years old and priced accordingly at approx. $78 per square foot.
Convenient to Fort Jackson, USC, shopping and dining.
All brick duplex located in the lovely Cottontown neighborhood. Walking distance to the Bull Street District, War Mouth, Indah Coffee and Cottontown Brew Lab. Each side is 1 bedroom, 1 bath with hardwood floors, living room fireplace, updated kitchens and bathrooms and washer/dryer connections. This property has been well taken care of with many upgrades to included updated electrical, plumbing, and new roof and could be converted to single family, if ever desired.
Fantastic opportunity for conversion to single family. SOLD AS-IS
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.
