Investment Overview

Marcus & Millichap is pleased to offer for sale Howell Court Apartments located at 3032 Howell Court in Columbia, South Carolina. The property consists of 11 buildings and presents an opportunity to capitalize on Columbia’s steadily increasing demand for affordable, yet high-quality housing. Thoughtfully maintained by current ownership, the property has undergone renovations of $5,000 to $6,000 per unit since 2023. Upgrades include updated flooring, kitchen cabinets, countertops, appliances, doors, bathroom vanity, and a tub-surround, in addition to modernizing several light fixtures, plumbing fixtures, and doorknobs. These renovations not only enhance the property’s appeal but also position it to capture higher rental rates in a competitive market where housing demand consistently outpaces supply. Tenants are responsible for paying electricity bills and are billed back at a flat rate for water. Columbia, the state capital and second-largest city, has a steadily growing population of over 144,000 residents. Known for its affordability, especially compared to nearby metropolitan areas like Charlotte and Atlanta, Columbia continues to attract new residents. Centrally located in the Midlands region, it serves as an epicenter for business, education, and government operations. The city is home to several major employers, including BlueCross BlueShield of South Carolina, Prisma Health, and Fort Jackson, the U.S. Army’s largest basic combat training facility. These institutions are key drivers of the local economy, providing thousands of jobs and fueling consistent employment growth. Additionally, Columbia’s affordable cost of living, warm climate, and rich cultural heritage make it an appealing destination. Columbia offers a wide range of recreational opportunities, including the Congaree River, Riverbanks Zoo and Garden, and Congaree National Park, a UNESCO Biosphere Reserve. Educational institutions like the University of South Carolina contribute to a well-educated workforce, with over 40,000 students enrolled annually. USC’s focus on innovation and research, particularly in fields such as engineering, medicine, and technology, reinforces Columbia’s status as a regional leader in talent development and innovation. The property is strategically positioned near key economic drivers, including major employers, retail centers, and recreational amenities. Residents enjoy easy access to popular destinations such as the BullStreet District and downtown Columbia. The location also provides convenient access to Columbia’s major interstates, which include I-26, I-20, and I-77, ensuring seamless connectivity to the broader metropolitan area