Leased Townhome Portfolio in North
2 Teal Court North Augusta, SC 29841
2 Teal Court, North Augusta, SC, 29841
$2,625,000
For Sale
$2,625,000
MULTI_FAMILY - North Augusta, SC
Property Size29,197 SF
Lot Size0.04 Acres
Price / SF$89.91
Days on Market69
Property Features for 2 Teal Court
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- ?
- Parking features
- Parking Lot
- Standard status
- Active
- APN
- 0061706014
- Size
- 29,197 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 0061706014
- Tax Annual Amount
- 15140
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Heat Pump (Heating), Natural Gas
- Water source
- Public
Building Details
- Year built
- 1985
- Number of units
- 15
- Flooring type
- Carpet, Tile
- Building materials
- Wood Siding
- Roof type
- Composition
Listing agency
Meybohm Commercial Properties
(706) 736-0700
Listed by
Danielle Meikrantz · License #401159
(706) 284-8359
Added: May 15 Updated: Jul 1 at 10:43AM Checked: Jul 22 at 1:06PM
MLS# 100574229
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This portfolio features 15 fully leased townhomes located in the Hammond Hill Villas community of North Augusta. Situated in a convenient and established area, this portfolio presents an opportunity for investors to expand their rental holdings with a stabilized asset in a robust rental market. The properties include a mix of 2- and 3-bedroom floorplans, ranging from approximately 1,100 to 1,469 square feet, with several units featuring loft spaces. Current rents range from $1,200 to $1,450 per month, with long-term tenant history throughout the portfolio. All units are currently leased, providing immediate income. Hammond Hill Villas offers low-maintenance ownership with an HOA that covers landscaping, pool, trash service, and roofs. Tenants are responsible for all utilities. The property is currently self-managed and operates with minimal management responsibilities. The lot size is 0.04 acres and the property size is 29197 square feet. The HOA covers landscaping, pool, trash service, and roofs.
Key Highlights
- Package of 15 fully leased townhomes in Hammond Hill Villas (North Augusta)
- Unit mix includes 2- and 3‑bedroom floorplans of approx. 1,100 to 1,469 SF, with several units featuring loft spaces
- Current rents range from $1,200 to $1,450 per month, with long‑term tenant history throughout the portfolio
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $448.5k | $15.36 |
| − Vacancy | −$28.3k | −$0.97 |
| EGI | $420.2k | $14.39 |
| − OpEx | −$189.1k | −$6.48 |
| NOI | $231.1k | $7.92 |
29,197 SF · lease $15.36/SF/yr · vacancy 6.30% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$3.30M
$2.89M – $3.85M
NOI $231,117 @ 7.0% cap · market cap 8.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.63M
$4.92M – $6.57M
NOI $393,949 @ 7.0% cap · market cap 15.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
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FAQs
What type of property is this?
Apartment building - Portfolio of 15 fully leased townhomes in North Augusta, SC.
Where is this apartment building located?
The property is located at 2 Teal Court North Augusta, SC.
What is the asking price?
The asking price for this property is $2,625,000.
What are key features of this property?
This property features: Package of 15 fully leased townhomes in Hammond Hill Villas (North Augusta); Unit mix includes 2- and 3‑bedroom floorplans of approx. 1,100 to 1,469 SF, with several units featuring loft spaces; Current rents range from $1,200 to $1,450 per month, with long‑term tenant history throughout the portfolio
