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    1401 Elmtree Rd Columbia, SC 29209

    Sponsored
    For Sale
    $2,190,000

    16-Unit Apartment Complex, High Occupancy

    Property size:
    16,200 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 16-unit apartment complex presents a compelling investment opportunity in the vibrant city of Columbia, South Carolina. Situated on a 0.43-acre lot at 1401 Elmtree Road, this property offers a blend of immediate income and long-term growth potential. The complex comprises eight spacious three-bedroom, two-bathroom units and eight comfortable two-bedroom, two-bathroom units, all currently occupied. Each unit has undergone renovations, enhancing their appeal and contributing to high tenant satisfaction. The property's prime location adjacent to Columbia University ensures consistent demand and a steady stream of potential tenants seeking convenient, accessible housing. The existing professional management company ensures smooth operations and efficient tenant management. With a total of 16,200 square feet of living space, this well-maintained property offers a significant return on investment. The strong occupancy rate and the potential for future rental increases make this a truly attractive proposition for discerning investors seeking a stable and profitable multifamily asset in a desirable location. The property is priced at $2,190,000. This is a turnkey investment ready for immediate cash flow.

    Property Features for 1401 Elmtree Rd

    General Information

    Property type
    Residential income properties
    Square Feet
    16,200 SF
    Lot Size
    18,731 SF

    Building Details

    Year Built
    1987
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Columbia
    County
    Richland
    State
    South Carolina
    Longitude
    -80.93916
    Latitude
    33.97467

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    FAQs

    What type of property is this?
    Residential income property - 16-Unit Apartment Complex, High Occupancy
    Where is this residential income property located?
    The property is located at 1401 Elmtree Rd Columbia, SC.
    What is the asking price?
    The asking price for this property is $2,190,000.
    (843) 612-1473
    Request Owner's contact information
    1401 Elmtree Rd Columbia, SC 29209
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    Columbia, SC 29209
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1401 Elmtree Rd Columbia, SC 29209
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