Multifamily
Tremain Apartments
1700 Tremain St, Columbia, SC 29204
Listing Price: $1,200,000
Investment Overview
Marcus & Millichap is pleased to present Tremain Street Apartments, a 12-unit multifamily property in Columbia, South Carolina. This turnkey asset has been extensively upgraded, offering substantial long-term value. Tenants pay for electric and optional internet, while the owner is responsible for water, trash, and sewer expenses.
Units A and B feature central heating and cooling, while Units C through L have new gas heaters and two window AC units each, ensuring efficient climate control. Heaters, maintained by Cool Care Heating and Air, are rarely used but meet code compliance.
Significant infrastructure upgrades include a new main plumbing line with individual shut-off valves, partial or complete re-piping in some units, and new electric panels with permits. Outdated wiring, outlets, and receptacles have been replaced. The roof, replaced in 2022 with 50-year shingles, ensures long-term durability. Windows were updated during renovations from 2021 to 2023. Additionally, the property does not currently have Section 8 tenants, offering flexibility in tenant selection.
Columbia, South Carolina, is a growing metropolitan area known for its strong economy, which is anchored by government, healthcare, education, and military sectors. The city benefits from a diverse workforce and proximity to the University of South Carolina, Fort Jackson, and a vibrant downtown scene. The demand for rental housing remains high, driven by population growth and limited housing supply, positioning Tremain Street Apartments as a prime investment opportunity.
Tremain Apartments
Investment Highlights
- Extensive Property Upgrades, Including New Roofing, Plumbing, Electrical Panels, and Heating Systems, Minimize Future Capital Expenditures
- Stable Operating Costs with Tenants Handling Electric and Optional Internet, While the Owner Manages Water, Trash, and Sewer Expenses
- Renovations Completed Between 2021 and 2023 have Modernized the Property, Attracting Quality Tenants and Reducing Maintenance Requirements
- Prime Location in a Thriving Rental Market with a Robust Economy Ensures Consistent Demand
Exclusively Listed By
Financing By
Listing Price: $1,200,000
Investment Highlights
- Extensive Property Upgrades, Including New Roofing, Plumbing, Electrical Panels, and Heating Systems, Minimize Future Capital Expenditures
- Stable Operating Costs with Tenants Handling Electric and Optional Internet, While the Owner Manages Water, Trash, and Sewer Expenses
- Renovations Completed Between 2021 and 2023 have Modernized the Property, Attracting Quality Tenants and Reducing Maintenance Requirements
- Prime Location in a Thriving Rental Market with a Robust Economy Ensures Consistent Demand
Investment Overview
Marcus & Millichap is pleased to present Tremain Street Apartments, a 12-unit multifamily property in Columbia, South Carolina. This turnkey asset has been extensively upgraded, offering substantial long-term value. Tenants pay for electric and optional internet, while the owner is responsible for water, trash, and sewer expenses. Units A and B feature central heating and cooling, while Units C through L have new gas heaters and two window AC units each, ensuring efficient climate control. Heaters, maintained by Cool Care Heating and Air, are rarely used but meet code compliance. Significant infrastructure upgrades include a new main plumbing line with individual shut-off valves, partial or complete re-piping in some units, and new electric panels with permits. Outdated wiring, outlets, and receptacles have been replaced. The roof, replaced in 2022 with 50-year shingles, ensures long-term durability. Windows were updated during renovations from 2021 to 2023. Additionally, the property does not currently have Section 8 tenants, offering flexibility in tenant selection. Columbia, South Carolina, is a growing metropolitan area known for its strong economy, which is anchored by government, healthcare, education, and military sectors. The city benefits from a diverse workforce and proximity to the University of South Carolina, Fort Jackson, and a vibrant downtown scene. The demand for rental housing remains high, driven by population growth and limited housing supply, positioning Tremain Street Apartments as a prime investment opportunity.
Exclusively Listed By
Financing By
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