1401 Elmtree Rd Columbia, SC 29209
- Apartment buildings
- 16,200 SF
- 0.43 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 1401 Elmtree Rd
- Year built
- 1987
- Lot size
- 0.43 lot acres
- Property size
- 16,200 SF
- Property type
- Apartment buildings
Description
This exceptional 16-unit apartment complex presents a compelling investment opportunity in the vibrant city of Columbia, South Carolina. Situated on a 0.43-acre lot at 1401 Elmtree Road, this property offers a blend of immediate income and long-term growth potential. The complex comprises eight spacious three-bedroom, two-bathroom units and eight comfortable two-bedroom, two-bathroom units, all currently occupied. Each unit has undergone renovations, enhancing their appeal and contributing to high tenant satisfaction. The property's prime location adjacent to Columbia University ensures consistent demand and a steady stream of potential tenants seeking convenient, accessible housing. The existing professional management company ensures smooth operations and efficient tenant management. With a total of 16,200 square feet of living space, this well-maintained property offers a significant return on investment. The strong occupancy rate and the potential for future rental increases make this a truly attractive proposition for discerning investors seeking a stable and profitable multifamily asset in a desirable location. The property is priced at $2,190,000. This is a turnkey investment ready for immediate cash flow.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Columbia
- County
- Richland
- State
- South Carolina
- Longitude
- -80.93916
- Latitude
- 33.97467
