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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 thirty-five (35) for sale on MLS. SC Multifamily Investor Property For Sale listings have an average sales price of $567,214 ranging in price from $110,000 to $3,999,999. The average sq ft home size of SC Multifamily Investor Property For Sale Columbia SC is 3,677 square feet. The largest property for sale is 17,660 sqft and smallest 1,232 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 77 days on the market.
AMAZING OPPORTUNITY FOR FABULOUS UPDATED INVESTMENT PROPERTY NEAR USC AND FIVE POINTS. 4 QUADRAPLEXES THAT TOTAL 16 UNITS WITH EACH UNIT INCLUDING 2 BR, 1 BA, GREAT ROOM AND KITCHEN. TOTAL OF 32 BEDS. EACH UNIT INCLUDES A WASHER AND DRYER. 100% PRE-LEASED WITH THE MAJORITY OF LEASES STARTING AUGUST 1, 2024. PRO-FORMA AVAILABLE UPON REQUEST. PROJECTED LEASE AMOUNTS FOR 2025-2026 SCHOOL YEAR WILL BE $2000/UNIT OR $32,000 PER MONTH. PROPERTY INCLUDES 504 & 508 EDISTO AVE AND 1901 & 1907 WHEAT STREET.
Londonderry Square is a unique property that consists of 20 individually deeded properties with their own tax map numbers with Lexington County. There are a total of 10 buildings, each with 2 units. Each unit has an identical floor plan with 2 bedrooms, 1.5 bathrooms, laundry room, and deck for a total of 883 square feet. The buildings are constructed with vinyl siding, vinyl windows, crawl space, and central HVAC. Residents pay for individually metered water, sewer, electric and cable. Owners are responsible for exterior maintenance which is currently $600 twice a month. This is less during winter months. There are no other monthly expenses, or HOA's, in regards to maintaining this community, but an HOA can be established. Trash is collected via the City of Cayce which is included in the property taxes. Each home has their own trash and recycling can. Total property taxes across 20 units is $14,860.10/year. POTENTIAL gross rent can be +$22,000/mo @ $1100/unit. Seller will not separate properties.
Brand new construction that has just been completed on 4 townhome style apartments with a total of 12 bedrooms and 12 full baths. Each townhome has 3 bedrooms each with their own private bath! All 4 townhome apartments are 100% leased commencing Aug. 10, 2024 to July 30, 2025 for $125,000 per year. For the school year 2025-2026 this property will be marketed for rent at $150,000 per year. Each townhome is separately metered for all utilities which the tenants pay!! These townhomes have been custom built and designed by the Wilson Company and professionally decorated. The high end finishes are extraordinary for any rental property with hardy plank exterior, stained concrete floors, granite countertops, Samsung appliance package (including washer/dryers), tankless hot water heaters, 40 yr architectural shingles, split heat pump zoned systems, drip irrigation system for landscaping, Silverline energy efficient windows, large walk-in closets and much, much more! Located in a very popular area only approx 1.5 mi from USC campus, Williams Brice Stadium, 5 Points with plenty of shops and restaurants. Enjoy a break from the never ending maintenance calls and invest in a brand new quality built student rental property. Call Bill Graham 803-331-4586.
A little over an acre property is a rare find with multiple units and sources of potential income. 4-Plex building with LED sign multiple units currently rented great for small business, 3, one bedroom apartments all currently rented, Doublewide mobile home currently rented, camper currently rented and a warehouse that is currently rented. The potential is almost limitless located on HWY6/South Lake Dr with great road exposure just minutes from Walmart, Tractor Supply, Publix and multiple other businesses
Have you been waiting on the perfect investment opportunity? Look no further I have the Perfect one for you! 8 total units, each unit has 3 Bedrooms and 1 Full Bath. Don't miss this opportunity! Schedule your showing today!
TOTAL RESTORATION of top floor unit PLUS ACREAGE to building additional units - in the heart of the historic district of Columbia'. Be the FIRST to own this lovely historical home that has been meticulously brought back to life in the form of a duplex. Present owner/contractor has spared no detail in this magnificent restoration on the top floor. Walk to the Columbia Historic District, the vibrant Bull Street District and all great businesses and restaurants on Columbia's Main Street. Renovations for the ground floor unit to be completed by Purchaser. Great investment to complete and plan your new build structures on the large lot.
Gorgeous luxury duplex brick dwelling with ample yard space for endless appeal! Inside there is an open floor plan with pre-finished hardwoods throughout. With soaring ceilings, ceiling fans, and lighting, your space awaits! So many options for you to create and entertain in the kitchen and beyond! There is a generous-sized great room with a gas fireplace for cooler nights! Upstairs there are 3 large bedrooms and 3 baths complete with tile, fixtures, lighting, and vanities! There is also a half bath downstairs! Lots of space to plan for! The possibilities are without end! Consider living where your property works for you! Yes, you can dwell on one side while renting the other side in whatever capacity you choose! There are no HOA fees! This is a must-see with so much of a crisp and clean aesthetic in place! This is the chance to produce an income stream within weeks! With close proximity to USC, Midlands Tech, and Ft. Jackson, what an awesome AIRBNB opportunity! Schedule your viewing today!
Welcome to a sought after duplex located at 1617/1619 Heyward St! Fantastic investment opportunity just steps away from USC campus, offering enticing value-add prospects. This duplex features 3 bedrooms and 1 full bath on each side, presenting an ideal setup for investor buyers. Inquire about the seller's upgrade sheet detailing recent renovations. Currently, the property is rented to USC students at $900 per bedroom, totaling $5400 in monthly rent. What sets this investment apart is the rare inclusion of an onsite parking lot, providing the potential for additional rental income. Consider leasing parking spots to off-campus living students who seek convenient parking within walking distance to class. Situated in the highly sought-after downtown university neighborhood, this property allows easy access to campus and Five Points. Surrounded by some of Columbia's finest homes, it presents a unique investment opportunity. Act quickly to secure your spot at the APPOINTMENT ONLY open house for viewings this Thursday, 1/25/24, from 12-2 pm. Call or email now to reserve your designated 15 minute time slot for a closer look at this promising investment property!
Excellent investment opportunity. Quadraplex in quiet neighborhood. Rent all four units or let three units pay for you to live in the fourth. Each unit is apx 980 sqft with 2 bedrooms, 1.5 baths, kitchen, dining room, living room, in unit laundry hook up, balcony / porch, and an outside storage closet. Accepted contract required for viewings. Please do not disturb tenants.
TURNKEY AIRBNB PROPERTY! Perfect Investment for Investors looking for passive income in multiple ways. Perfect for investors looking for a short term rental (Approved Airbnb by City of Columbia), long term rental, or student housing for USC, Benedict, or Allen Univ Students. No HOA and restrictions. Great Location located downtown Columbia, SC. Less than a mile away from Vista, USC, Five Points, Shopping & Restaurants.
TURNKEY AIRBNB PROPERTY! Perfect Investment for Investors looking for passive income in multiple ways. Perfect for investors looking for a short term rental (Approved Airbnb by City of Columbia), long term rental, or student housing for USC, Benedict, or Allen Univ Students. No HOA and restrictions. Great Location located downtown Columbia, SC. Less than a mile away from Vista, USC, Five Points, Shopping & Restaurants.
Welcome to this incredible investment opportunity in the heart of Shandon! This all-brick duplex offers two bedrooms and one bathroom on each side, beautiful hardwood floors, charming features throughout, a spacious backyard with a gardening area, and much more! You'll also enjoy a southern staple - a screened-in porch on both sides, perfect for year-round relaxation. Additionally, both units are equipped with washer and dryer hookups. This property is situated in the highly desirable Shandon neighborhood, known for its walkable access to shops and restaurants, historic charm, and close proximity to Columbia's famous Five Points area.
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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