Investor multifamily property listings for sale in South Carolina. View SC apartment communities & complexes for sale by price, town, city, major market, cap rate, list date, region, days on market, and more. Search for all investment property portfolio commercial multifamily housing for sale in SC here. View multi-family properties for sale in Charleston, Columbia, Greenville, Myrtle Beach, and all the surrounding communities & neighborhoods. This page includes entire apartment neighborhoods for sale in South Carolina, as well as a duplex, triplex, and quadplex units. 

MLS Listings Data

Total Listings:
234
Average Price:
$934,089
Highest Listing Price:
$11,500,000
Average Days On Market:
35
Average Price/Sqft:
$653

What's YOUR Home Worth?

Number of MLS Listings 1 - 12 of 234

INVESTORS****This a centrally located UNIQUE BLOCK TO BLOCK LIST OF...

INVESTORS****This a centrally located UNIQUE BLOCK TO BLOCK LIST OF PROPERTIES DOWNTOWN CHARLESTON** mins from I-26, 526 and King Street, Aquarium with a view of the Cigar Factory and Ravenel Bridge this is a wonderful completely renovated tri-plex in a convenient downtown location. It consists of 3 separate apartments, with a total of 6 bedrooms with new hardwoods floors throughout each unit. Two BURNED Homes 2 vacant lots, 1 two bedroom cottage, I Will provide rental income upon request.THIS PROPERTY IS BEING SOLD AS A PACKAGE**The listing consists of 7 properties throughout the Tri-County area.... Listing agent to be present for all showings. Tenants are in place. Please provide a 24 hours notice for all showings. Buyer to confirm and do their own due diligence.

$ 11,500,000
View details Beds - 6 Baths - Sqft - 480
Great location next to the College of Charleston campus. All four...

Great location next to the College of Charleston campus. All four properties (31 Coming, 29 Coming, 1 Montagu and 1-1/2 Montagu) are contiguous and must be purchased as a package (will not be sold individually). Parking for approximately 20 cars. All properties are currently leased.

$ 5,450,000
View details Beds - 28 Baths - Sqft - 4300
The Jacobson Building has been in the same family for generations and is...

The Jacobson Building has been in the same family for generations and is now available for purchase. The front portion of the bottom floor contains Normandy Farms Bakery. The rear portion of the first floor has a one bedroom short-term rental unit with a separate entrance and a large storage space as well as access to an elevator that services the top floor penthouse. The second floor contains another 1 bedroom short-term rental unit overlooking Broad St. as well as a very large 2 bedroom 2 full bath short-term rental unit. The top floor was recently remodeled and redesigned by local architect, Buz Morris. It is a 1 bedroom 1 1/2 bath penthouse and is accessed by its own staircase as well as a private elevator. It has amazing views out of huge windows that

$ 4,699,000
View details Beds - 0 Baths - Sqft -
Rare opportunity to purchase a substantial downtown building with parking....

Rare opportunity to purchase a substantial downtown building with parking. The retail space consists of 2,354 sq ft that is currently leased by an established art gallery. There are 2 one bedroom apartments on the second floor and 1 one bedroom apartment on the third floor. All are in excellent condition with lots of exposed brick and beams. Two of the apartments have rooftop decks. The apartments are excellent candidates for a condo conversion given the location, condition, roof top decks, parking, and the intact historic fabric. Property is in process of being subdivided and individual units are available.

$ 4,250,000
View details Beds - 0 Baths - Sqft -
Stunning, Historic 6 unit turn key short-term rental property located in...

Stunning, Historic 6 unit turn key short-term rental property located in the heart of Cannonborough-Elliotborough. This beautiful 6,400 square foot STR property is fully permitted/operational with 6 units and a total of 17 bedrooms and 12 full bathrooms with 5-3 bedroom/2 bath units & 1-2 bedroom/2 bath unit. All of the units have been professionally & tastefully decorated and the building is being sold fully-furnished to include all appliances, fixtures, and furnishings. The structure was renovated from the studs out in 2017 and features all new HVAC, framing, plumbing, electrical, flooring, and commercial sprinkler system. Professional management is currently in place and the property consistently receives 5-star reviews. Anticipated gross income for 2020 is $400k+.

$ 4,250,000
View details Beds - 12 Baths - Sqft -
Almost 13,000 SF of desirable, high end rentals, this incredible...

Almost 13,000 SF of desirable, high end rentals, this incredible investment includes 4 buildings, 7 units, 28 bedrooms sprawling over an entire city block. Two modern new builds, w/ 4 units, all 4 br's & 4.5 baths, 1750 sf each. These units are graciously configured to spread out over 3 private floors, w/ highly desirable private roof top decks, luxury kitchens, shiplap ceilings, coastal chic design & views galore. Flanking either end of these new construction buildings, are 2 historic Charleston homes, one fronting Ashley Avenue (2 units) & another fronting Orrs Court (1 unit). Both historic buildings were just renovated in January 2018. All structures raised out of Flood Zone and built to the highest standards. Entire property is fully leased through July 31, 2021

$ 3,750,000
View details Beds - 16 Baths - Sqft - 2050
Legally zoned and permitted for Short Term Rentals. These two buildings...

Legally zoned and permitted for Short Term Rentals. These two buildings are truly unique with a mix of STR and Commercial space. The 1st floor commercial space is 580 sqft and fully leased out. The 2nd & 3rd floor is a short term rental 3 bed 2.5 bath 1,818 sqft.You've got private off street parking, comfy beds and are a block from King Street, what else could you ask for! Big flat screen TV, high-speed Wi-Fi Internet with a work desk in loft area. Tons of space and your private deck this is truly a unique building. Walking is nice from the home, one block from king street puts you right in the mix of all you want to see and do.

$ 3,499,000
View details Beds - 6 Baths - Sqft - 580
Constructed in 1840 this three story masonry building is located only...

Constructed in 1840 this three story masonry building is located only three doors away from the corner of King and Market Streets and the Shops at Belmond Charleston Place. Currently the first floor is used as a retail shop, the second as an office and the third floor is used as a residence and currently rents for $1600 per month. There is a small apartment located at the rear of the first floor which can be used as a residence or an office and is currently rented for $1800 per month.

$ 3,395,000
View details Beds - 3 Baths - Sqft - 1200
4 OUT OF A SPECTACULAR GROUP OF 5 MULTIFAMILY BUILDINGS BUILT FROM 1890 -...

4 OUT OF A SPECTACULAR GROUP OF 5 MULTIFAMILY BUILDINGS BUILT FROM 1890 - 1915. FRAME SIDING. THERE ARE 21 PARKING SPACES FOR THESE 4 UNITS.3 BLOCKS TO MUSC. RETURN ON CAPITALIZATION SHOULD BE APPROXIMATELY 6.%.SQUARE FOOTAGE IS APPROXIMATE. BUYER SHOULD VERIFY.GROSS INCOME SHOULD BE $274,5002 UNITS ARE CURRENTLY VACANT BECAUSE OF RECENT RENOVATION ACTIVITY. REMAINING FOR SALE ARE 3 DUPLEXES AND ONE SIX-PLEX. THERE WERE 4 DUPLEXES BUT THE OWNER SOLD ONE MID-MARCH. HE WILL SELL ANY OF THESE REMAINING BUILDINGS SEPARATELY. CURRENTLY DUPLEX 23 KRACKE IS LISTED SEPARATELY FOR $710,000.THE DUPLEXES WILL ALLOW AN OWNER OCCUPANT TO LIVE IN ONE UNIT AND SHORT-TERM LEASE THE OTHER. THIS WILL RESULT IN A **$1,500 /MONTH POSITIVE CASH FLOW*** NET OF ALL EXPENSES AND MORTGAGE

$ 3,265,000
View details Beds - 0 Baths - Sqft -
A great opportunity to step into an existing business with continual cash...

A great opportunity to step into an existing business with continual cash flow that has bookings into 2021. The 196 Rutledge Avenue Inn, circa 1910, has been operating since 2011. We invite you to review for yourself over 800-5 star reviews of our rental history. The main house was renovated down to the studs in 2008. All electric, plumbing, and HVAC were updated at that time. A ''cottage'' was built at 194 Rutledge Avenue in 2008, beside the main house. There is off-street parking for 8 cars. The main house boasts high ceiling with original molding and mahogany inlaid wood floors. Units A and B have spacious open-concepts, measuring over 1350 sq. ft with two large bedrooms and two and a half bathrooms. Units C & D are 800 sq.ft each and feature 1BR/1BA. Agent is part owner.

$ 3,100,000
View details Beds - 6 Baths - Sqft - 1275

Buying Multifamily

 

Important Info for investing in apartment buildings

More income quicker

Multifamily properties have many 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 HVAC 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.

Valuation Differences

To value a one-to-four unit residential building, we will use the Comparable Sales Approach which means property’s value will fluctuate by comparing to the sales price your neighbors received from selling their property. However, five-plus-unit residential buildings are being valued by using Income Approach which means the property’s value relies on the net operating income (NOI) and Cap Rates the building is bringing in. 

 

Negatives of investing in apartment buildings:

 

Affordability

The largest barrier to entry into investing in apartment buildings is affordability. Multifamily properties can be expensive and require much more initial capital to get started. Investors should expect to have around 20% of the purchase price. There are opportunities to raise capital using multiple resources. Hence why new real estate investors will begin with 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. Finding a good and robust management software can help considerably for a well-organized system. 

 

 

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