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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:219
Average Price:$1,091,013
Highest Listing Price:$18,500,000
Average Days On Market:51
Average Price/SqFt:$0
SC Multifamily Investor Property For Sale currently has two hundred and nineteen (219) for sale on MLS. SC Multifamily Investor Property For Sale listings have an average sales price of $1,091,013 ranging in price from $1,250 to $18,500,000. The average sq ft home size of SC Multifamily Investor Property For Sale Charleston SC is 7,719,161 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 51 days on the market.

What's YOUR Home Worth?

Number of MLS Listings 1 - 12 of 219

Mixed use property on Cannon Street includes a commercial restaurant space and seven active, legal short term rental units. The property was recently renovated down to the studs which incorporates gorgeous contemporary design elements and soaring 50' ceilings. The front commercial section of the building has +/-1600sf of commercial space directly on Cannon and an additional 400sf of approved patio seating out front, as well as a rare rooftop deck of +/- 800sf. Behind the commercial space are (5) 5 bed, 5.5 bath and (2) 4 bed, 4 bath short term rental units, all with double washers and dryers in unit. Potential to add value to the project by converting the existing short term units to condos. This property is in an excellent location directly next to Sugar Bakeshop, only 3 short blocks from
View details Beds - 0 Baths - 0 Sqft - 0
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.
View details Beds - 0 Baths - 0 Sqft - 0
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.
View details Beds - 28 Baths - 0 Sqft - 4300
Amazing opportunity to purchase 42 units built in 1997. All brick construction,consisting of two buildings, situated on 1.63 acres. It has a paved parking lot, steel frame stairs and balconies, onsite laundry facilities and an office/manager's living quarters .Property will sell while at 100% Occupancy.
View details Beds - 0 Baths - 0 Sqft - 22772
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.Property will sell while at 100% occupancy. Local management company in place.
View details Beds - 42 Baths - 0 Sqft - 45278
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.
View details Beds - 13 Baths - 0 Sqft - 0
A rare investment opportunity to own a 2.3 acres seven detached home community with a pool. The community is located east of kings Hwy, in the Golden Mile, just a short walk to the beach. Each home offers 3 bedrooms and 2 full baths, a large living room, a dining area and a spacious kitchen. The large bedrooms offer plenty of space and large windows for natural light. Each home also offers a private back patio. All seven properties share an outdoor pool. The properties are sold Fully Furnished and equipped with all appliances including a washer & dryer in each unit. Golf Course Section; Lt 7 Bl 7, Golf Course Section; Lt 6 Bl 7, Golf Crs Sec; Lt 1 Bl 7, Golf Crs Section; Lt 2 Bl 7, Golf Course Section; Lt 3 Bl 7 Golf Course Section; Lt 4 Bl 7 Golf Course Section; Lt 5 Bl 7 42110030064,42115020452, 42115020451, 42115020450, 42110030063 , 42110030062, 42115020449
View details Beds - 0 Baths - 0 Sqft - 11500
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
View details Beds - 11 Baths - 0 Sqft - 1017
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.
View details Beds - 8 Baths - 0 Sqft - 10912
Own a piece of Charleston history...this grand 3 story Italianate villa-style masonry home constructed in 1850 is a rare offering & a unique find w/ 3 sep residences plus a driveway that can accommodate multiple vehicles. Design attributed to renowned Charleston architect, Edward C. Jones, classic details include a wrought iron gate adorning the entrance, arched piazza, gracious verandas & private courtyard. The ground floor offers two separate income producing apartments or could be ideal for extended family, in-law suite, nanny, etc: 3 bedroom/1 bath accessed from the front courtyard facing Montagu + a studio apartment accessed through the rear courtyard. Main residence boasts 13-foot ceilings, original heart of pine floors & multiple fireplaces. Beyond the beautifully carved entrance
View details Beds - 6 Baths - 0 Sqft - 3072
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.
View details Beds - 9 Baths - 0 Sqft - 2179
A rare opportunity to own an income producing property including land, structure and all improvements. The property includes a convenience store, Four 1- bedroom condos and an additional 2-bedroom residential house. Short term and long term rentals are allowed. Financial information is available in associated docs upon request.
View details Beds - 0 Baths - 0 Sqft - 6000

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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