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

MLS Listings Data

Total Listings: 208
Average Price: $970,203
Highest Listing Price: $5,450,000
Average Days On Market: 85
Average Price/SqFt: $434

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Number of MLS Listings 1 - 12 of 208

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
Portfolio of three identical properties (47, 47.5, 49 Spring) which are...

Portfolio of three identical properties (47, 47.5, 49 Spring) which are legally zoned and permitted for Short Term Rentals. Renovated in 2019, these beautiful buildings each have a commercial space on the first floor and a 3 bed 2.5 bathroom STR available on the second and third floor. These are some of the highest performing properties on the Peninsula with double digit gains annually! With private off street parking for 7 cars, short term rental furniture included in the sale, and only a block from King Street, this is an investor's dream! Interior images are of 47.5 Spring, buildings are nearly identical. Properties may be purchased individually, or as a package of 2. Pkg of 2 See MLS 20022875, For individual listings: see MLS 20033080, 20033081, 20033085. Bedroom Layout as follows:

$ 4,799,000
View details Beds - 6 Baths - Sqft - 580
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 - 0
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.

$ 4,000,000
View details Beds - 6 Baths - Sqft - 480
Renovated, turnkey investment property located on Folly Beach South...

Renovated, turnkey investment property located on Folly Beach South Carolina. Possessing 4 short term rental licenses, this quadruplex is one of a kind for the island as such properties rarely exchange. Recent improvements on the 2 buildings include: new roofs, duct work, HVAC units, interior and exterior paint, flooring, decking, stainless steel appliances, butcherblock countertops and renovated bathrooms. New furniture throughout to convey with purchase. The quarter- acre property has two structures, each with two, 900+ SF units. Each unit holds 2- beds and 1- bath. Each of the four units has two off- street parking places. No mandatory flood insurance required.

$ 3,900,000
View details Beds - 8 Baths - Sqft - 970
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
Portfolio of two identical properties (47, 47.5 Spring) which are legally...

Portfolio of two identical properties (47, 47.5 Spring) which are legally zoned and permitted for Short Term Rentals. Renovated in 2019, these beautiful buildings each have a commercial space on the first floor and a 3 bed 2.5 bathroom STR available on the second and third floor. These are some of the highest performing properties on the Peninsula with double digit gains annually! With private off street parking for 7 cars, short term rental furniture included in the sale, and only a block from King Street, this is an investor's dream! Interior images are of 47.5 Spring, both buildings are identical. Properties may also be purchased individually, or as a package of 3. Pkg of 3 See MLS 20033071, For individual listings: see MLS 20033080, 20033081, 20033085. Bedroom Layout as follows: King

$ 3,399,000
View details Beds - 6 Baths - Sqft - 580
Folly Beach Investor Alert - 5 UNIT RIVERFRONT property with 2 deep water...

Folly Beach Investor Alert - 5 UNIT RIVERFRONT property with 2 deep water slips. The Riverside Inn is a very rare opportunity on Folly Beach to own an operating Bed & Breakfast Featuring 5 units. (3 Structures, 1 SFD and 2 Duplexes' over 4500 sq ft! ) This beachside boutique property located 1 block off Center St is a rental machine full of Folly charm and being sold mostly furnished- talk about a ''turn-key'' business opportunity. The views from this property will rival the best Folly has to offer! Coming by boat? Great! Pull up to the docks that are being placed there as we speak! Currently set up for short-term rental use, the potential for this property has Endless opportunities or make this a one of a kind personal residence.

$ 3,375,000
View details Beds - 10 Baths - Sqft - 1760
New construction multifamily consists of two buildings, for a total of 30...

New construction multifamily consists of two buildings, for a total of 30 units. Building 1 will be completed by the end of 2020, and building 2 by the Summer of 2021. This is a rare opportunity to own one of the only new construction Multifamily in the rapidly growing market of Conway, South Carolina. The property is located 7 miles from Coastal Carolina University, and it is nearby shopping centers, great schools and other in-demand attractions.

$ 3,095,000
View details Beds - 30 Baths - Sqft - 19000
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.

$ 2,899,995
View details Beds - 6 Baths - Sqft - 1275
This property is a combination of Residential Use, Mixed...

This property is a combination of Residential Use, Mixed Use//Multi-Family/partial STR/Triplex/General Business zoned Building. For Sale located in highly recognized King Street corridor. This outstanding Modern Architecture building is located in the heart of downtown Charleston. The property features three levels of amazing King Street frontage with its own private entry for first floor Restaurant and second floor entry is licensed for STR/Short term rental or Office Space currently rented. Third floor is a Penthouse apartment currently rented. Units A,B&C generate significant ROI revenues for a future owner. Unit B&C upstairs of the main entry have their own address & mail box on King Street at ground level and a private security gated system with interior stairwell.

$ 2,850,000
View details Beds - 2 Baths - Sqft - 1650
Fifteen units on 3 commercial lots for sale at the heart of North Myrtle...

Fifteen units on 3 commercial lots for sale at the heart of North Myrtle Beach, just one block from Ocean blvd. and behind the shops restaurants and attractions of Main St. Walk to the ocean, and walk to all of the fun activities. The property at 213-215 S. Ocean blvd. offers nine units: three 1 BR/ 1 bath, two 2 BR / 1 bath and four 2 BR / 2 bath units. The property at 211 S. Ocean Blvd offers six 2 BR / 2 bath units.

$ 2,810,000
View details Beds - 15 Baths - Sqft - 14342

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.