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Multifamily

Columbia North Apartments

1300 Johnson Ave, Columbia, SC 29203

Listing Price: $2,170,000

Cap Rate
2.98%
Number of Units
29
Price/Unit
$74,828
Price/Gross SF
$80.66
Gross SF
26,904

Investment Overview

Marcus and Millichap are pleased to present the Columbia North Apartments at 1300 Johnson Ave in Columbia, South Carolina. The subject property consists of 29 two-bedroom units ranging from 750-800 square feet. This property gives investors the opportunity to renovate 9 units to increase rents. The roof was replaced in 2020 and 20 of the units have been renovated with HVAC, kitchen cabinetry, appliances, and flooring. The subject property is located on the north east side of Columbia only 3 miles from Downtown Columbia, 3.5 miles from the University of South Carolina, and 3.5 miles to Five Points. More than 50% of households in Columbia rent rather than own. Columbia is the capital of South Carolina and the state’s second-largest city. Located in the central part of the state, the city is home to the University of South Carolina and Fort Jackson – the largest U.S. Army base for basic combat training. Rents have increased 8.8% in Columbia YOY.

Investment Highlights

  • Ability to immediately increase rents 25%
  • 3 Miles from Downtown Columbia
  • 3.5 Miles from The University of South Carolina

Exclusively Listed By

Multifamily

Columbia North Apartments

Listing Price: $2,170,000

Cap Rate
2.98%
Number of Units
29
Price/Unit
$74,828
Price/Gross SF
$80.66
Gross SF
26,904

Investment Highlights

  • Ability to immediately increase rents 25%
  • 3 Miles from Downtown Columbia
  • 3.5 Miles from The University of South Carolina

Investment Overview

Marcus and Millichap are pleased to present the Columbia North Apartments at 1300 Johnson Ave in Columbia, South Carolina. The subject property consists of 29 two-bedroom units ranging from 750-800 square feet. This property gives investors the opportunity to renovate 9 units to increase rents. The roof was replaced in 2020 and 20 of the units have been renovated with HVAC, kitchen cabinetry, appliances, and flooring. The subject property is located on the north east side of Columbia only 3 miles from Downtown Columbia, 3.5 miles from the University of South Carolina, and 3.5 miles to Five Points. More than 50% of households in Columbia rent rather than own. Columbia is the capital of South Carolina and the state’s second-largest city. Located in the central part of the state, the city is home to the University of South Carolina and Fort Jackson – the largest U.S. Army base for basic combat training. Rents have increased 8.8% in Columbia YOY.

Exclusively Listed By

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