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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:172
Average Price:$928,819
Highest Listing Price:$6,900,000
Average Days On Market:50
Average Price/SqFt:$302
SC Multifamily Investor Property For Sale currently has one hundred and seventy-two (172) for sale on MLS. SC Multifamily Investor Property For Sale listings have an average sales price of $928,819 ranging in price from $1,150 to $6,900,000. The average sq ft home size of SC Multifamily Investor Property For Sale Myrtle Beach SC is 3,075 square feet. The largest property for sale is 45,278 sqft and smallest 375 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 50 days on the market.

What's YOUR Home Worth?

Number of MLS Listings 1 - 12 of 172

Amazing opportunity to purchase 42 townhome in the bridgecreek apartment...

Amazing opportunity to purchase 42 townhome in the bridgecreek apartment community. 8 units one bed ,28 units two bed ,6 units 3 bed in nine separate building on just over three acres. amenities included beautiful lake with a private community douck,A basketball court and private pool. Most units were completely renovated . property is NOT in a special flood zone and has never flooded. Very high occupancy rate. Local management company in place.

$ 6,900,000
View details Beds - 42 Baths - 0 Sqft - 45278
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.

$ 6,450,000
View details Beds - 28 Baths - 0 Sqft - 4300
BRAND NEW 16 3-BED , 2.5 BATH WITH SINGLE CAR GARAGE UNITS WITHIN SHORT...

BRAND NEW 16 3-BED , 2.5 BATH WITH SINGLE CAR GARAGE UNITS WITHIN SHORT DISTANCE TO GRANDE DUNES, YMCA , HOSPITAL,MEDICAL CENTERS AND SHOPPING.. FEW MINUTES TO THE BEACH. READY TO MOVE IN .. GREAT RENTAL LOCATION. VIRTUAL TOUR

$ 5,499,000
View details Beds - 16 Baths - 0 Sqft - 26224
221 Ashley Ave (''The Chapel'') is one of Charleston's premier short term...

221 Ashley Ave (''The Chapel'') is one of Charleston's premier short term rental properties. This compound consists of 3 separate units totaling 13 bedrooms. The buildings were renovated in 2012 and has been immaculately maintained. The original chapel building was renovated into a 5 bedroom 4.5 bath with an open, vaulted ceiling kitchen and living area. Unit B & C (the ''Carriage House'') are two units, each with 4 bedrooms and 4 bathrooms. The Carriage House is a duplex newly constructed in 2012. The property has established rental history and is one of the most desirable short term rentals Charleston has to offer.

$ 5,400,000
View details Beds - 13 Baths - 0 Sqft - 0
Traditional Charleston meets modern design is what you will find in this...

Traditional Charleston meets modern design is what you will find in this newly refined property by Cozy Development. Renewed to the highest quality, this property has undergone a studs out renovation that boasts luxury finishes with three separate dwelling units.VALUE ADD OPPORTUNITYIn addition, this property site has opportunity to add a second sizable structure on the same lot. The Charleston Zoning officials have confirmed from ''Sketch Wednesday'' the path forward to add this second structure, approximately 3,500 sq. ft., creating the potential to add an additional 8 bedrooms/7 bathrooms. This opportunity unlocks maximum cashflow for your short term rental investment, if desired. IDEAL LOCATION Appointed within the short term rental district, you'll be located within one

$ 3,995,000
View details Beds - 11 Baths - 0 Sqft - 870
514 BLOACKADE DRIVE, Pawleys Island! This property is truly one of the...

514 BLOACKADE DRIVE, Pawleys Island! This property is truly one of the only opportunities like this in Pawleys. This beautiful slice of paradise offers a lifestyle like no other. Live and work affords you the opportunity to create a great life for you and family. Currently four structures on the grounds to choose from as your new home. Income producing and the sky is the limit! The main house features 5 bedrooms, 5 bathrooms and three kitchens. the two cottages feature 4 units with one bedroom, one bath, kitchen and living areas. Tiny home has one bed and one bath with living and kitchenette space. All units are artfully decorated and exude the true essence of Pawleys! Infrastructure is already in place for addition tiny homes or manufactured. Spacious attached workshop and storage spaces are an added bonus. Two detached storage buildings are currently on the property and may be converted into tiny homes. The roofs are within five years new and many upgrades have been completed. Three laundry rooms available, outdoor shower, fire pit, barbeque stations and beautiful green space. Eclectic venue right around the corner from the creek! Walk, run, bike to the creek, beach, grocery stores and restaurants. You will be living your best life. Agent is Principal member of The LLC that owns the property.

$ 3,750,000
View details Beds - 8 Baths - 0 Sqft - 10912
This stunning Duplex has been up and running as a fully operating Short...

This stunning Duplex has been up and running as a fully operating Short Term Rental since February 2022. This property boasts luxury finishes and eye catching furnishings - much appreciated by guests and proven by the high occupancy rates in year 1. ----Property will be featured on WCBD NEWS 2 at 12:00pm 11/19 on ''The American Dream - Selling Charleston''.Unit A Features: Bedroom #1: King Bed w En Suite Bath + TVBedroom #2: King Bed w En Suite Bath + TVBedroom #3: Queen Bed + TVBedroom #4: Queen Bed + TVShared Full Bath with Queen BedroomsFull Kitchen & Living Space. ----Unit B Features: Bedroom 1: King Bed w Shared En Suite Bath + TVBedroom 2: King Bed w Shared En Suite Bath + TV

$ 3,240,000
View details Beds - 9 Baths - 0 Sqft - 0
Fully Leased.Introducing 112 Rutledge Avenue, a spectacular, recently...

Fully Leased.Introducing 112 Rutledge Avenue, a spectacular, recently renovated property in the heart of Harleston Village that contains four condominiums. The ground floor unit is leased to an optometrist. 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, six of which are leased to the eye doctor with the remaining four to the upstairs residential units that bring in additional rental income. Please see attached brochure for unit sizes and floor plans. There is an $810.00 quarterly association fee. *TMS #s: 457.03.02.120, 457.03.02.162, 457.03.02.163, 457.03.02.165

$ 2,999,000
View details Beds - 9 Baths - 0 Sqft - 2144
Great opportunity to own a high income producing short-term rental in...

Great opportunity to own a high income producing short-term rental in downtown Charleston. Built in 2016, home consists of 3 units, with one unit having 3 bedrooms/3 bathrooms, with the other two units having 2 bedrooms/2 bathrooms, all with high end features. Located a short walk from shopping and dining on King St. There are a total of 4 off-street parking spaces included.

$ 2,995,000
View details Beds - 7 Baths - 0 Sqft - 1201
120 President is a 4 unit, fully licensed and fully sprinkled STR. The...

120 President is a 4 unit, fully licensed and fully sprinkled STR. The property consists of one building with four 2BR/1BA apartments. Each apartment has been renovated and professionally designed. Renovations include new bathrooms, kitchens, paint, wallpaper, fixtures, and high end furnishings.In addition to off-street parking, property has 4 leased (transferable) spaces in the adjacent lot.There are 5 water meters and 5 electric meters (one for each unit and one house meter). All furniture to convey.

$ 2,935,000
View details Beds - 8 Baths - 0 Sqft - 710
Unique opportunity to own a Folly Beach property. This rare property...

Unique opportunity to own a Folly Beach property. This rare property consists of three individual cottages on one .24-acre lot that runs street to street. Each with its own personality. The Teal cottage is approximately 1300 square feet. With three bedrooms and 2 full baths. With a screened-in side porch and a long side porch. The Yellow cottage is approximately 1200 square feet. With three bedrooms and one and a half baths. This cottage has an inviting wide-screen in front porch with a table and plenty of sitting. The Pink cottage is a fun and a little funky one-bedroom and one-bath unit with a front porch and a small deck off the back. All units share a fenced-in common area with a fire pit and each unit has its own outdoor shower. All cottages come fully furnished.

$ 2,600,000
View details Beds - 7 Baths - 0 Sqft - 1275
his multi-family investment has a total of six (6) units and includes ten...

his multi-family investment has a total of six (6) units and includes ten (10) private parking spaces in the rear of the property. The property is 100% Leased with over $117,000/year in gross income. This site also is also zoned for short term rentals. There is a mixture of two and one bedroom units with all having one bathroom each. The location of the property is very convenient to many businesses and amenities. Across the street is MUSC and right next to the property is the Ashley Inn. Within walking distance is Walgreens and many restaurants (Laurel, Xiao Bao Biscuit, Fuel, Bon Banh Mi, Gnome Cafe and several restaurants on Spring Street). The property was recently painted on the exterior and additional landscaping has been completed. Other recent improvements include the re

$ 2,600,000
View details Beds - 5 Baths - 0 Sqft - 0

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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