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:
251
Average Price:
$912,741
Highest Listing Price:
$5,900,000
Average Days On Market:
93
Average Price/Sqft:
$372

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Number of MLS Listings 1 - 12 of 251 Set Up Email Alerts

One of a kind new construction turnkey multifamily opportunity in the...

One of a kind new construction turnkey multifamily opportunity in the heart of Myrtle Beach. Surrounded by condos and apartment complexes, Claypond Rd features 60 units consists of 5 buildings, 3-story each. Four 2 bedroom buildings, and one 1 bedroom building. Investors looking for a turnkey income producing property, this is the ideal situation! One of Grand Strand's most experienced real estate valuation firm conducted an appraisal study and confirmed the demand and return on investment.

$ 5,900,000
View details Beds - 0 Baths - Sqft -
A rare opportunity to own a beautiful historic mixed use building, circa...

A rare opportunity to own a beautiful historic mixed use building, circa 1890, with many possibilities for expansion and development. The property currently includes 12 parking spaces, 15 existing office spaces of approximately 5500 square feet total, including additional space on the 3rd floor, and an outdoor rooftop terrace. Features of the existing free standing building include beautiful heartpine flooring, exposed brick walls, original fireplaces, gas lanterns and gorgeous landscaping. Additionally, preliminary zoning approval has been obtained from the City of Charleston to add 7 new condo units plus a rooftop viewing area. Close to popular restaurants and King Street shopping. Sale includes 3 TMS #'s: 457-04-03-073, 457-04-03-074, and 457-04-03-071.

$ 5,490,000
View details Beds - 0 Baths - Sqft -
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
CAP 7.2 Portfolio of Three Buildings. Units renovated in 2019. Properties...

CAP 7.2 Portfolio of Three Buildings. Units renovated in 2019. Properties are the best performing on the peninsula crushing other STR units and have seen double digit gains since inception annually. Legally zoned, permitted and operating under Short Term Rentals.Each Building has 1st floor commercial space of 580 sqft fully leased out. The 2nd & 3rd floor operates under short term rentals and has 3 bed 2.5 bath 1,818 sqft.You've got 7 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.

$ 4,999,900
View details Beds - 6 Baths - Sqft - 580
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 -
This 10 unit, fully renovated historic compound consists of 3 buildings -...

This 10 unit, fully renovated historic compound consists of 3 buildings - a Merchant's Residence, Wharf Warehouse & Carriage House. All 10 units have legally entitled individual TMS #'s, meaning this property can also be sold as condos. Comprehensive renovation- All new HVAC, electrical, plumbing, tankless hot water. Meticulous restoration of all original masonry, heart pine floors, fireplaces & french doors. Timeless & Chic. Near the corner of East Bay, these Society St. maisonettes benefit from the quiet privacy of quaint Ansonborough. Each unit has outdoor space, whether a piazza or courtyard. Off Street Parking (6 spaces) & a Centrally located Fountain on the Grounds offer Convenience, paired with Tranquility & Charm. 10 units total- 5 one BR units & 5 two BR units. All units leased!

$ 4,495,000
View details Beds - 5 Baths - Sqft -

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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