Leased Townhome Portfolio in
2 Teal Court, North Augusta, SC 29841
Portfolio of 15 leased townhomes in North Augusta.
Type:Commercial Sale / Multi Family
Property size:
29,197 SFPrice / SF:
$89/SF- Added:
- May 14, 2026
- Days on Market:
- 13
- Last Refresh:
- May 15 at 9:14 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 agent Danielle Meikrantz License #401159 (706) 284-8359
Listing office Meybohm Commercial Properties (706) 284-8359
Listing date May 14, 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
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.
- Mix of 2 and 3 bedroom floorplans (1,100‑1,469 sq ft) with long‑term tenant history.
- Current rents range from $1,200 to $1,450 per month.
- Tenants responsible for all utilities, minimizing management responsibilities.
Overview
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.
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
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.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- North Augusta
- County
- Aiken
- State
- South Carolina
- Longitude
- -81.979453
- Latitude
- 33.509515
Nearby Similar for Sale
FAQs
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.
