Turnkey Quadplex
1682 Horseshoe Drive Columbia, SC 29223
For Sale
Contact for pricing
Two brick quadplex buildings total eight units, with seven currently occupied and professionally managed by PURE.
Property Size4,022 SF
Price / SF$103.18
Days on Market83
Property Features for 1682 Horseshoe Drive
General Information
- Standard status
- Active
- Size
- 4,022 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1980
Listing Agency:
Turner Properties Commercial
(803) 605-4192
Listed By:
Chris Turner · License #10762
Source:
Crexi
Added: May 2
Changed: Jul 23
Last Checked: Jul 23 at 11:57AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Turner Properties Commercial
Investment Insights
Based on property information with market context.
This sale offers a turnkey quadplex portfolio consisting of two separate brick buildings (at 1658 and 1682 Horseshoe Drive) totaling eight residential units. Each unit is configured as a 2-bedroom, 2-bath home with approximately 1,000 square feet of space. The properties are described as well maintained and are positioned for low maintenance ownership.
Of the eight units, seven are currently occupied. The stated pro-forma rent is $7,645 per month, and the community is professionally managed by PURE.
The offering combines immediate rental income with a straightforward 8-unit structure under one portfolio presentation, giving buyers a compact, income-producing asset base in the Columbia, SC area.
Of the eight units, seven are currently occupied. The stated pro-forma rent is $7,645 per month, and the community is professionally managed by PURE.
The offering combines immediate rental income with a straightforward 8-unit structure under one portfolio presentation, giving buyers a compact, income-producing asset base in the Columbia, SC area.
Key Highlights
- Two brick quadraplex buildings (1658 & 1682 Horseshoe Dr), totaling 8 units in Columbia, SC (Year built: 1980).
- Unit mix: each unit has 2 bedrooms, 2 bathrooms, and about 1,000 SF; total building size about 8,000 SF across both properties.
- Occupancy: 7 of 8 units currently occupied.
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 | $72.4k | $18.00 |
| − Vacancy | −$3.8k | −$0.94 |
| EGI | $68.6k | $17.06 |
| − OpEx | −$30.9k | −$7.68 |
| NOI | $37.7k | $9.39 |
4,022 SF · lease $18.00/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$615.7K
$538.8K – $718.4K
NOI $43,101 @ 7.0% cap · market cap 10.39%
Second Best
Apartment 5plus
$539.2K
$471.8K – $629.1K
NOI $37,747 @ 7.0% cap · market cap 9.10%
Theoretical Best
Office A
$990.4K
$866.6K – $1.16M
NOI $69,326 @ 7.0% cap · market cap 16.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Two brick quadplex buildings total eight units, with seven currently occupied and professionally managed by PURE.
Where is this quadplex located?
The property is located at 1682 Horseshoe Drive Columbia, SC.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Two brick quadraplex buildings (1658 & 1682 Horseshoe Dr), totaling 8 units in Columbia, SC (Year built: 1980).; Unit mix: each unit has 2 bedrooms, 2 bathrooms, and about 1,000 SF; total building size about 8,000 SF across both properties.; Occupancy: 7 of 8 units currently occupied.
