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Multifamily

Woodland Terrace Townhouses & Condos

320 S Beltline Blvd, Columbia, SC 29205

Listing Price: $5,100,000

Cap Rate
6.20%
Number of Units
88
Occupancy
95.1%
Price/Unit
$57,955

Investment Overview

Marcus and Millichap is pleased to present the exclusive listing of Woodland Terrace Townhouses & Condos in Columbia, SC. Woodland Terrace consists of 88 units on 19.38 acres with Built in 1949 and renovated in 2016, This asset has 88 of the 175 units on the property giving control to the HOA. HOA dues cover insurance, exterior maintenance/repairs, exterior capital improvements (roofs, paint, siding, etc.), landscaping, asphalt for roads/parking, exterior freshwater lines & sewer lines, land taxes (not the building taxes), security cameras, fresh water for tenant's use, trash service for tenants, collection of HOA dues from homeowners, HOA management. New owners may award themselves the contract for the HOA Property Management at the conclusion of the existing contract (the current contract is for $27,420 per year). Woodland Terrace Townhouses & Condos is convenient to the downtown area of Columbia and an eight-minute drive to the University of South Carolina. This business, entertainment, and cultural center of central South Carolina. As one of the most populated cities in the State, Columbia offers a unique fusion of work, entertainment, education, and recreation that attracts residents. A recent UN population study ranked Columbia seventh overall in projected population growth among U.S. cities of 500,000 Residents or more. Columbia is projected to increase 43% by 2030. This asset offers investors an excellent long-term real estate investment with upside potential through a common area improvement and several exit strategies.

Investment Highlights

  • Convenient to downtown Columbia and an eight-minute drive to the University of South Carolina. This asset offers residents numerous opportunities for employment, education, and entertainment.
  • The Comet, Central Midlands Regional Transit Authority has a stop directly outside of this property, giving residents easy access to public transportation, and more options for commuting.
  • This is a high-growth potential asset, The UN population study projects 43% growth by 2030, combined with the raising interest rates, rental demand in this market will significantly drive rental rates

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (843) 952-2300

    License(s) SC: 86628

    South Carolina

Multifamily

Woodland Terrace Townhouses & Condos

Listing Price: $5,100,000

Cap Rate
6.20%
Number of Units
88
Occupancy
95.1%
Price/Unit
$57,955

Investment Highlights

  • Convenient to downtown Columbia and an eight-minute drive to the University of South Carolina. This asset offers residents numerous opportunities for employment, education, and entertainment.
  • The Comet, Central Midlands Regional Transit Authority has a stop directly outside of this property, giving residents easy access to public transportation, and more options for commuting.
  • This is a high-growth potential asset, The UN population study projects 43% growth by 2030, combined with the raising interest rates, rental demand in this market will significantly drive rental rates

Investment Overview

Marcus and Millichap is pleased to present the exclusive listing of Woodland Terrace Townhouses & Condos in Columbia, SC. Woodland Terrace consists of 88 units on 19.38 acres with Built in 1949 and renovated in 2016, This asset has 88 of the 175 units on the property giving control to the HOA. HOA dues cover insurance, exterior maintenance/repairs, exterior capital improvements (roofs, paint, siding, etc.), landscaping, asphalt for roads/parking, exterior freshwater lines & sewer lines, land taxes (not the building taxes), security cameras, fresh water for tenant's use, trash service for tenants, collection of HOA dues from homeowners, HOA management. New owners may award themselves the contract for the HOA Property Management at the conclusion of the existing contract (the current contract is for $27,420 per year). Woodland Terrace Townhouses & Condos is convenient to the downtown area of Columbia and an eight-minute drive to the University of South Carolina. This business, entertainment, and cultural center of central South Carolina. As one of the most populated cities in the State, Columbia offers a unique fusion of work, entertainment, education, and recreation that attracts residents. A recent UN population study ranked Columbia seventh overall in projected population growth among U.S. cities of 500,000 Residents or more. Columbia is projected to increase 43% by 2030. This asset offers investors an excellent long-term real estate investment with upside potential through a common area improvement and several exit strategies.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (843) 952-2300

    License(s): SC: 86628

    South Carolina

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