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Multifamily

Cedar Crossing Apartments

350 Byron Rd, Columbia, SC 29209

Listing Price: $1,840,000

Cap Rate
5.31%
Number of Units
16
GRM
7.67
Occupancy
95.0%
Price/Unit
$115,000
Price/Gross SF
$127.78
Gross SF
14,400

Investment Overview

Marcus & Millichap is pleased to present Cedar Crossing Apartments, a 16-unit multifamily community located in Columbia, South Carolina. Built in 1984, the property sits on 1.29 acres approximately 10 minutes from Downtown Columbia, offering convenient access to major employment centers and retail corridors.

The community is comprised entirely of two-bedroom, two-bathroom residences, each featuring washer/dryer hookups and individually metered utilities, allowing for efficient operations and reduced operating costs.

Cedar Crossing benefits from strong nearby retail options, located within two miles of Target, Whole Foods, Walmart, and a wide array of shopping and dining options. With a desirable 2BD/2BA unit mix, recent capital improvements, and proximity to daily-needs retail, the property is well positioned to capture consistent workforce housing demand in the growing Columbia market.

Investment Highlights

  • Unit Mix Comprised of 16 Two-Bedroom/Two-Bathroom Units with Washer and Dryer Hookups
  • Each Unit Is Individually Metered for Water and Electric, Reducing Operating Costs
  • Convenient Location Near Essential Daily Retail, Major Employers and I-77
  • Recently Renovated Interiors and New Roofing

Exclusively Listed By

Financing By

Multifamily

Cedar Crossing Apartments

Listing Price: $1,840,000

Cap Rate
5.31%
Number of Units
16
GRM
7.67
Occupancy
95.0%
Price/Unit
$115,000
Price/Gross SF
$127.78
Gross SF
14,400

Investment Highlights

  • Unit Mix Comprised of 16 Two-Bedroom/Two-Bathroom Units with Washer and Dryer Hookups
  • Each Unit Is Individually Metered for Water and Electric, Reducing Operating Costs
  • Convenient Location Near Essential Daily Retail, Major Employers and I-77
  • Recently Renovated Interiors and New Roofing

Investment Overview

Marcus & Millichap is pleased to present Cedar Crossing Apartments, a 16-unit multifamily community located in Columbia, South Carolina. Built in 1984, the property sits on 1.29 acres approximately 10 minutes from Downtown Columbia, offering convenient access to major employment centers and retail corridors. The community is comprised entirely of two-bedroom, two-bathroom residences, each featuring washer/dryer hookups and individually metered utilities, allowing for efficient operations and reduced operating costs. Cedar Crossing benefits from strong nearby retail options, located within two miles of Target, Whole Foods, Walmart, and a wide array of shopping and dining options. With a desirable 2BD/2BA unit mix, recent capital improvements, and proximity to daily-needs retail, the property is well positioned to capture consistent workforce housing demand in the growing Columbia market.

Exclusively Listed By

Financing By

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