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Leased Townhome Portfolio in Augusta

2 Teal Court North Augusta, SC 29841

2 Teal Court, North Augusta, SC, 29841

$2,625,000

For Sale

$2,625,000

Portfolio of 15 leased townhomes in North Augusta.

Property Size29,197 SF

Price / SF$89.91

AddedApr 22

Days on Market86

Last RefreshJul 15 at 4:46 pm

Property Features for 2 Teal Court

General Information

Standard status: Active
Size: 29,197 SF
Property subtype: Commercial Sale / Multi Family

Building Details

Year Built: 1985

Listing office Meybohm Commercial Properties

Listing date Apr 22, 2026

Source Compass

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 Meybohm Commercial Properties

Investment Insights

Based on property information with market context.

This is a portfolio of 15 fully leased townhomes located in the Hammond Hill Villas community in North Augusta. The properties are situated in a convenient and established area, offering investors the opportunity to expand their rental portfolio with a stabilized asset in a strong rental market. The townhomes include a mix of 2 and 3-bedroom floor plans, ranging from approximately 1,100 to 1,469 square feet. Several units feature 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. The Home Owners Association covers landscaping, pool maintenance, trash service, and roof maintenance, offering low-maintenance ownership. Tenants are responsible for all utilities. The property is currently self-managed and operates with minimal management responsibilities. This property is suitable for investors seeking scale in a market with strong rental demand and limited inventory.

Key Highlights

Package of 15 fully leased townhomes provides immediate income and portfolio scale.
Located in the highly desirable Hammond Hill Villas community in North Augusta, a strong rental market.
Low‑maintenance ownership due to HOA covering landscaping, pool, trash service, roofs, and more.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

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 (±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 Analytics

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

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What type of property is this?

Apartment building - Portfolio of 15 leased townhomes in North Augusta.

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 provides immediate income and portfolio scale.; Located in the highly desirable Hammond Hill Villas community in North Augusta, a strong rental market.; Low‑maintenance ownership due to HOA covering landscaping, pool, trash service, roofs, and more.