Multifamily
Howell Court Apartments
3032 Howell Ct, Columbia, SC 29203
Listing Price: $1,350,000
Investment Overview
Marcus & Millichap is pleased to present Howell Court Apartments, a 28-unit multifamily community located in Columbia, South Carolina. Originally built in 1965, the property is comprised of 11 buildings and offers 28 uniform two-bedroom units.
Current ownership has invested $5,000 to $6,000 per unit in renovations since 2023, including updated flooring, kitchen cabinets, countertops, appliances, bathroom vanities, and modern fixtures throughout. The property continues to offer a defined runway for additional interior upgrades to capture further rental upside. Tenants are responsible for electricity, and water is billed back at a flat rate, minimizing operating expenses for a new owner.
The broader Columbia MSA continues to benefit from sustained population and employment growth anchored by state government, the University of South Carolina, Fort Jackson, Prisma Health, Lexington Medical Center, Blue Cross Blue Shield of South Carolina, Michelin, Amazon, Dominion Energy, and Nephron Pharmaceuticals. Howell Court offers direct access to I-26, I-20, and I-77 with proximity to downtown Columbia and the region’s major employment centers.
Howell Court Apartments
Investment Highlights
- Recent Renovation Program: $5,000 to $6,000 per unit invested in renovations since 2023 including flooring, kitchen cabinets, countertops, appliances, and vanities.
- Efficient All 2BR Unit Mix: Uniform 28-unit all two-bedroom layout across 11 buildings supporting streamlined operations and simplified turnover.
- Value-Add Upside: Continued opportunity for interior upgrades to capture additional rental upside in the growing Columbia market.
- Efficient Utility Structure: Tenants pay electric; water billed back at flat rate, minimizing operating expenses for a new owner.
- Columbia MSA Employment Base: Anchored by state government, USC, Prisma Health, Fort Jackson, Blue Cross Blue Shield of South Carolina, and Michelin.
- Interstate Crossroads: Columbia sits at the convergence of I-26, I-20, and I-77, providing central Southeast connectivity.
Listing Price: $1,350,000
Investment Highlights
- Recent Renovation Program: $5,000 to $6,000 per unit invested in renovations since 2023 including flooring, kitchen cabinets, countertops, appliances, and vanities.
- Efficient All 2BR Unit Mix: Uniform 28-unit all two-bedroom layout across 11 buildings supporting streamlined operations and simplified turnover.
- Value-Add Upside: Continued opportunity for interior upgrades to capture additional rental upside in the growing Columbia market.
- Efficient Utility Structure: Tenants pay electric; water billed back at flat rate, minimizing operating expenses for a new owner.
- Columbia MSA Employment Base: Anchored by state government, USC, Prisma Health, Fort Jackson, Blue Cross Blue Shield of South Carolina, and Michelin.
- Interstate Crossroads: Columbia sits at the convergence of I-26, I-20, and I-77, providing central Southeast connectivity.
Investment Overview
Marcus & Millichap is pleased to present Howell Court Apartments, a 28-unit multifamily community located in Columbia, South Carolina. Originally built in 1965, the property is comprised of 11 buildings and offers 28 uniform two-bedroom units. Current ownership has invested $5,000 to $6,000 per unit in renovations since 2023, including updated flooring, kitchen cabinets, countertops, appliances, bathroom vanities, and modern fixtures throughout. The property continues to offer a defined runway for additional interior upgrades to capture further rental upside. Tenants are responsible for electricity, and water is billed back at a flat rate, minimizing operating expenses for a new owner. The broader Columbia MSA continues to benefit from sustained population and employment growth anchored by state government, the University of South Carolina, Fort Jackson, Prisma Health, Lexington Medical Center, Blue Cross Blue Shield of South Carolina, Michelin, Amazon, Dominion Energy, and Nephron Pharmaceuticals. Howell Court offers direct access to I-26, I-20, and I-77 with proximity to downtown Columbia and the region’s major employment centers.
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