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SC Multifamily Investor Property For Sale
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 duplex, triplex, quadplex units, and mobile home parks.
SC Multifamily Investor Property For Sale currently has one hundred and ninety-two (192) for sale on MLS. SC Multifamily Investor Property For Sale listings have an average sales price of $1,018,025 ranging in price from $1,250 to $8,200,000. The average sq ft home size of SC Multifamily Investor Property For Sale Columbia SC is 10,927,788 square feet. The largest property for sale is 1,234,567,890 sqft and smallest 1 sqft. View property listings for sale by price, street, subdivision, age, property type, location, features, size, and listing date, and time on MLS with an of 62 days on the market.
Specs: 75 Beds | 45 Baths | 30,326 sqft 8 Duplexes | 6 SFD. Portfolio spread out in approx 1 mile radius surrounding University of SC. Financial Snapshot: Gross Rents: $703,200 | NOI: $624,358 | Gross Insurance: $19,709 | Gross Taxes: $46,493 | Avg Maintenance: $12,640 | 7 properties have a 20 year tax abatement Bailey Bill | 7.65% Cap Rate. Why Invest? Stable Income: Generate $703,200 in annual gross rents. Strategic Location: Close to University of SC, ensuring a steady pool of student tenants. High Demand: Benefit from the consistent demand for student housing over 33,000 student base Value Appreciation: Potential for property value growth every year. Mix of new construction and stud rehabs from 2019-2023 Consistent rent increases year over year.
We are pleased to present 16 Charlotte street, An iconic commercial investment opportunity in the heart of historic downtown Charleston. This stunning property boasts frontage on two main streets and offers nearly 15,000 SF of interior space, currently used as class A office.Step outside and discover the expansive landscaped and walled garden, complete with a shaded courtyard perfect for hosting a variety of events. With ample on and off-street parking available to support its occupants.The historic 1835 brick building features beautifully restored millwork and wood staircases, adding to the charm of this incredible space.
This mix of in-service STR units and prospective development allows for the creation of a comprehensive infill project comprising five potential buildings, situated across consecutive street frontages (95,97,99 Line), and offering a harmonious blend of residential and commercial spaces. The noteworthy 95 Line Street emerges as the centerpiece as it is 100% completed and strategically occupying the prominent corner of Line and Coming Street. The 95 Line Street structure, a commendable feat of design, proudly boasts its commercial zoning and serves as a captivating mixed-use edifice. Rooted in its historical context, the structure showcases a meticulous restoration that faithfully pays homage to the original Germanic storefront, dating back the year 1867.
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.
This Historic European Villa Estate Style Architectual Multi-Family compound is a landmark in the coveted downtown area of Harleston Village, Charleston SC. There are (8) eight residential units in total with two color English Flemish brick exterior, stately custom wood interiors and stairwells. Property consists of (10)Ten bedrooms (10.5) Ten and half bathrooms, 1 large community laundry room, garage and carport space, rare Roof Top deck access from large 2 story Carriage house and several Veranda patios. This stately property can be leased as units for an investor ROI or potential to add value by converting into condos and sell separately or convert front and rear buildings back to a single-family home for a buyers Private Villa Residential use. See more....
This income producing, legal short term rental property known as The Chapel Lofts, consists of three units, encompassing 13 bedrooms and 11 off street parking spaces. This property is eye catching and unique as the front building was originally built as a wedding chapel in 1994 and was renovated in 2012 to include 5 bedrooms and 4.5 baths with an open, vaulted ceiling kitchen and living area. In 2012, the carriage house was built and includes two units, each with 4 bedrooms and 4 baths. The interiors are updated, comfortable and stylish offering guests a perfect vacation atmosphere. Furnishings and decor to convey with the sale allowing a buyer continuity of rentals.
Welcome to 13 Kracke Street, 15 Kracke Street, and 10 Rosemont Street, a unique investment opportunity in the Cannonborough Elliotborough neighborhood of downtown Charleston! This sale includes a charming single-family home and two historic Charleston-style duplexes, all situated on the same parcel. With a total of five units, fourteen bedrooms and ten parking spots this property promises not only comfortable living spaces but also a lucrative rental income stream of over $500K in annual revenue. 10 Rosemont Street - The single-family home offers 1,500 square feet of living space, featuring three bedrooms and two and a half bathrooms. The residence boasts a delightful front porch and a back deck, perfect for enjoying the pleasant Charleston weather.
This is a unique opportunity to purchase (2) new construction-raised homes on the river, with a shared deep water dock and lift! Just a few blocks from Center St. and the beach - 112 East Indian A + B is the slice of heaven on Folly Beach you have been dreaming of. These custom-built homes feature the primary suite on the main level with ample covered parking, a wrap-around porch, and an open-concept kitchen and dining. These are two turnkey opportunities to own a brand-new beach house at one of Charleston's most desirable surf destinations. You can spend your days lounging dockside watching sailboats along the waterway, admiring spectacular sunrises, or enjoying the plethora of recreational activities that Folly has to offer.
PORTFOLIO SALE - 3 PROPERTIES / 230 Grove - 4 units TMS 463-10-04-012 / 268 Grove - 4 units TMS 463-10-04-020 / 164 Dunneman - 3 units TMS 463-14-01-045 / All have 2 bedrooms and washer & dryer in units and all are separately metered for all utilities.48 hours notice needed to show.
Incredible investment opportunity to own two renovated homes near the beach on Isle of Palms, both with in-ground pools! These properties come with long-term leases generating $25k/month until March 14, 2024. The current tenant has two 1-year options to renew with annual increases upon renewal. On March 15, 2024, if option is exercised, the leases renew to $25,750/month and on March 15, 2025 the leases bring in $26,522/month upon renewal. No management fees and the tenant covers all utilities, pool maintenance, landscape maintenance, cleaning, and common wear & tear expenses.
South of Broad! Main House, Kitchen House and Carriage House! The Tobias Scott House 1867-1868 Scott was known as an artist and his legacy is that of a fan maker in Charleston. Beautifully renovated a few years ago consists of three homes. The main house has a formal living and dining room, 2 and 1/2 baths and three bedrooms. One bedroom was the original sleeping porch and maintains the original pocket windows that were restored. The kitchen house consists of two bedrooms and 1 and 1/2 baths. The Kitchen house is where Rachel McAdams lived while in Charleston filming the Notebook. The kitchen house has also been home to many film makers and editors while they filmed in Charleston. The carriage house features a lovely kitchen, living and dining area and 1 bath. All three properties have
112 Rutledge Avenue is a spectacular, recently renovated property in the heart of Harleston Village. The ground floor commercial unit is leased through the June 2023, which could become an excellent opportunity for owner-user or a new tenant. The three residential units located on the second and third floors contain a total of nine bedrooms and four bathrooms are fully leased. The property has a total of ten (10) exclusive parking spaces.
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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