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Multifamily

Courtyard West

3406 Fernandina Rd, Columbia, SC 29210

Listing Price: $4,700,000

Cap Rate
6.25%
Number of Units
36
GRM
8.06
Price/Unit
$130,556

Investment Overview

Marcus & Millichap is pleased to present Courtyard West Apartments, a 36-unit multifamily community located in Columbia, South Carolina. Originally built in 1982 and comprehensively renovated in 2019, the property is situated on 2.67 acres and comprises 36 two-bedroom, two-bathroom units.

The 2019 renovation delivered a comprehensively modernized asset with all units featuring stainless steel appliances, in-unit washer and dryers, new kitchen cabinets and countertops, and fully remodeled bathrooms. Every unit features a double master bedroom layout with two full bathrooms, delivering a differentiated product format in the Columbia market and broadening tenant appeal.

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. Courtyard West offers direct access to I-26 with proximity to downtown Columbia and the region’s major employment centers.

Investment Highlights

  • 2019 Comprehensive Renovation: All 36 units fully renovated in 2019 with new kitchens, cabinets, countertops, and fully remodeled bathrooms.
  • Double Master Bedroom Layout: Every unit features a double master bedroom layout with two full bathrooms, a differentiated product in the Columbia market.
  • In-Unit Washer/Dryers: Stainless steel appliances, in-unit washer/dryers, and modern kitchen finishes across all 36 units.
  • Columbia Interstate Access: Direct I-26 access to downtown Columbia and convergence of I-20 and I-77 providing central Southeast connectivity.
  • Columbia MSA Employment Base: Anchored by state government, USC, Prisma Health, Fort Jackson, Blue Cross Blue Shield of South Carolina, and Michelin.
  • Growing Columbia MSA: Columbia MSA continues to benefit from sustained population and employment growth across a diversified capital-city economy.

Exclusively Listed By

Multifamily

Courtyard West

Listing Price: $4,700,000

Cap Rate
6.25%
Number of Units
36
GRM
8.06
Price/Unit
$130,556

Investment Highlights

  • 2019 Comprehensive Renovation: All 36 units fully renovated in 2019 with new kitchens, cabinets, countertops, and fully remodeled bathrooms.
  • Double Master Bedroom Layout: Every unit features a double master bedroom layout with two full bathrooms, a differentiated product in the Columbia market.
  • In-Unit Washer/Dryers: Stainless steel appliances, in-unit washer/dryers, and modern kitchen finishes across all 36 units.
  • Columbia Interstate Access: Direct I-26 access to downtown Columbia and convergence of I-20 and I-77 providing central Southeast connectivity.
  • Columbia MSA Employment Base: Anchored by state government, USC, Prisma Health, Fort Jackson, Blue Cross Blue Shield of South Carolina, and Michelin.
  • Growing Columbia MSA: Columbia MSA continues to benefit from sustained population and employment growth across a diversified capital-city economy.

Investment Overview

Marcus & Millichap is pleased to present Courtyard West Apartments, a 36-unit multifamily community located in Columbia, South Carolina. Originally built in 1982 and comprehensively renovated in 2019, the property is situated on 2.67 acres and comprises 36 two-bedroom, two-bathroom units. The 2019 renovation delivered a comprehensively modernized asset with all units featuring stainless steel appliances, in-unit washer and dryers, new kitchen cabinets and countertops, and fully remodeled bathrooms. Every unit features a double master bedroom layout with two full bathrooms, delivering a differentiated product format in the Columbia market and broadening tenant appeal. 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. Courtyard West offers direct access to I-26 with proximity to downtown Columbia and the region’s major employment centers.

Exclusively Listed By

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