15-Unit Townhome
For Sale
$2,625,000
2 Teal Ct, North Augusta, SC 29841
The offering combines two- and three-bedroom plans with select loft areas and association-maintained exteriors.
Property Size29,197 SF
Price / SF$89.91
Days on Market53
Property Features for 2 Teal Ct
General Information
Standard status
Active
Size
29,197 SF
Occupancy
100%
Additional Details
Multifamily Units
15
Amenities
pool
Building Details
Year Built
1985
Listing Agency:
Meybohm Commercial Properties
Listed By:
Danielle Meikrantz · License #401159
(706) 736-0700
Source:
Barefootbrokers
Added: Aug 23
Changed: Oct 10
Last Checked: Oct 7 at 2:18PM
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 North Augusta multifamily portfolio includes 15 townhomes in Hammond Hill Villas, with a mix of two- and three-bedroom floorplans ranging from approximately 1,100 to 1,469 square feet. Several residences include loft spaces. Built in 1985, the property is fully leased and has a history of long-term tenants.
The HOA provides landscaping, pool service, trash service, roof maintenance, and additional community services. The homes are currently self-managed, while tenants are responsible for all utilities. The property is located at 2 Teal Ct in North Augusta, South Carolina, within the established Hammond Hill Villas community.
The HOA provides landscaping, pool service, trash service, roof maintenance, and additional community services. The homes are currently self-managed, while tenants are responsible for all utilities. The property is located at 2 Teal Ct in North Augusta, South Carolina, within the established Hammond Hill Villas community.
Key Highlights
- 15 fully leased townhomes in Hammond Hill Villas
- Mix of 2- and 3‑bedroom floorplans
- Unit sizes range from approximately 1,100 to 1,469 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$231,117
Cap Rate
8.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,622,340
$4.6M
Cap Rate 7%
$3,301,671
$3.3M
Cap Rate 9%
$2,567,967
$2.6M
Market Conditions
NOI Build-Up for 29,197 SF
Gross rent
$448.5K $15.36/SF
− Vacancy
−$28.3K −$0.97/SF
EGI
$420.2K $14.39/SF
− OpEx
−$189.1K −$6.48/SF
NOI
$231.1K $7.92/SF
Area
Aiken County, SC
Vacancy
6.30%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,622,340
Cap Rate 7%
$3,301,671
Cap Rate 9%
$2,567,967
Alternative Uses
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 authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
15
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
247
Businesses Nearby
Explore this area
Business Placement
Demographics for 29841, SC
32,919
Population
16,474
Households
2
Avg Household Size
40
Median Age
32%
College-Educated
93%
High-School Grad
31.9 sq mi
ZIP Area
1,032
Density / Sq Mi
$72,811
Median Household Income
$46,447
Median Earnings
$1,050
Median Rent
$186,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Multifamily property - The offering combines two- and three-bedroom plans with select loft areas and association-maintained exteriors.
Where is this multifamily property located?
The property is located at 2 Teal Ct 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: 15 fully leased townhomes in Hammond Hill Villas; Mix of 2- and 3‑bedroom floorplans; Unit sizes range from approximately 1,100 to 1,469 square feet
