Investment Overview

Marcus & Millichap is pleased to present for sale Oak Ridge Apartments, a multifamily property located at 815 Raleigh Street in West Columbia, South Carolina. This well-positioned asset offers a compelling value add opportunity, allowing new ownership to continue the proven renovation strategy and capitalize on rental growth potential. Located in the rapidly expanding Columbia metro, the property benefits from its proximity to major demand drivers, including the University of South Carolina. With an attractive purchase price of $88,000 per unit at an in-place cap rate of 6.57 percent, investors have the potential to achieve returns exceeding nine percent post-renovation. This asset provides an excellent opportunity to acquire a well-located, income-producing property with significant upside potential in one of South Carolina’s fastest-growing rental markets.