Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Leased Townhome Portfolio in North Augusta Title is generated by Realmo AI

    2 Teal Court, North Augusta, SC 29841

    View on Map
    Claim this Listing
    New
    For Sale
    $2,625,000

    MULTI_FAMILY - North Augusta, SC

    Property size:
    29,197 SF
    Lot size:
    0.04 Acres
    Price / SF:
    $89/SF
    Added:
    May 15, 2026
    Days on Market:
    2
    Last Refresh:
    May 16 at 11:06 pm

    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
    Natural Gas, Heat Pump (Heating), Electric (Heating)
    Water source
    Public

    Building Details

    Year built
    1985
    Number of units
    15
    Flooring type
    Carpet, Tile
    Building materials
    Wood Siding
    Roof type
    Composition

    We can help!

    Listing Contact
    Danielle Meikrantz
    Danielle Meikrantz

    Listing agent Danielle Meikrantz License #401159

    Listing office Meybohm Commercial Properties 3519 Wheeler Road, Augusta, SC

    Listing date May 15, 2026

    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.

    HighLights

    • Package of 15 fully leased townhomes providing immediate income.
    • Located in the highly desirable Hammond Hill Villas community in North Augusta.
    • Low‑maintenance ownership with HOA covering landscaping, pool, trash service, roofs, and more.
    • Strong rental market with long‑term tenant history.
    • Features a mix of 2 and 3 bedroom floorplans ranging from approximately 1,100 to 1,469 square feet.
    • Minimal management responsibilities as tenants are responsible for all utilities.

    Overview

    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.

    Financial Insights

    Value Estimation Calculated for Apartment 5plus

    Conservative
    $2.57M
    NOI $231,117 @ 9.00% cap · cautious / downside scenario
    Moderate
    $3.30M
    NOI $231,117 @ 7.00% cap · market / base-case scenario
    Aggressive
    $4.62M
    NOI $231,117 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Apartment 5plus

    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 Use Scenarios

    Best Use
    Apartment 5plus
    $3.30M
    $2.89M – $3.85M (±1% cap)
    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 (±1% cap)
    NOI $393,949 @ 7.0% cap · market cap 15.01%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    North Augusta
    County
    Aiken
    State
    South Carolina
    Longitude
    -81.979648
    Latitude
    33.509487

    Nearby Similar for Sale

    • $169,900
      1,750 SF

      North Augusta Commercial Opportunity

      Commercial property suitable for a roadside pub or sports bar.
      732 E Buena Vista Avenue, North Augusta, SC 29841
      View Details
    • $386,000
      3,095 SF

      North Augusta Four-Unit Income Property

      Fully leased four-unit property near downtown North Augusta, SC.
      308 Belvedere Clearwater Road, North Augusta, SC 29841
      View Details
    • $1,200,000
      6,380 SF

      Renovated Office Building in North Augusta

      Two-story office building in a rapidly expanding area.
      332 Edgefield Rd, North Augusta, SC 29841
      View Details
    • $1,200,000
      6,380 SF

      Renovated Office Building in Belvedere

      Professionally managed, renovated office building in North Augusta's Belvedere area.
      332 Edgefield Road, North Augusta, SC 29841
      View Details
    • $1,200,000
      6,380 SF

      Professionally Managed Office Building

      Two-story office building in North Augusta with recent renovations.
      332 Edgefield Road, North Augusta, SC 29841
      View Details
    • $350,000
      4,600 SF

      Flex Property Auto Repair Shop

      4600 sq ft flex property currently an auto repair shop.
      551 Edgefield Rd, North Augusta, SC
      View Details
    • $480,000
      2,480 SF

      Office Space with Apartment

      Office space with apartment in North Augusta, South Carolina.
      921 Georgia Avenue, North Augusta, SC 29841
      View Details
    • $147,500

      Corner Lot in Hammond's Ferry

      Desirable corner lot near SRP Ball Park and restaurants.
      Railroad Avenue lot: 12, North Augusta, SC 29841
      View Details
    • $480,000
      2,480 SF

      Office Space with Apartment

      Office space with apartment and high traffic location.
      921 Georgia Avenue, North Augusta, SC 29841
      View Details
    • $2,076,923
      2,900 SF

      Wendy's Restaurant For Sale

      Wendy's restaurant in North Augusta, South Carolina available for purchase.
      517 E Martintown Rd, North Augusta, SC 29841
      View Details
    • $725,000
      4,264 SF

      Retail Property on Corner Lot

      Retail property with high visibility on a corner lot.
      523 E Martintown Rd, North Augusta, SC
      View Details
    • Contact for pricing
      117,314 SF

      North Augusta Four-Story Office Building

      117,314 SF office building on 35.6 acres in North Augusta.
      802 E Martintown Rd, North Augusta, SC
      View Details

    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 providing immediate income.; Located in the highly desirable Hammond Hill Villas community in North Augusta.; Low‑maintenance ownership with HOA covering landscaping, pool, trash service, roofs, and more.
    (706) 284-8359
    We can help!
    Listing Contact
    Danielle Meikrantz
    Danielle Meikrantz
    Real Estate License ID: 401159
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2 Teal Court, North Augusta, SC 29841
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!