Multifamily

Tremain Apartments

1700 Tremain St, Columbia, SC 29204

Listing Price: $375,000

Cap Rate
8.65%
Number of Units
12
GRM
5.80
Occupancy
95.00%
Price/Unit
$31,250
Price/Gross SF
$52.08
Gross SF
7,200

Investment Overview

Marcus and Millichap is pleased to offer on an exclusive basis Tremain St. Apartments, a 12-unit multifamily community located in Columbia South Carolina. The property is located off of highway one, two miles from the heart of downtown Columbia, South Carolina and the University of South Carolina. The subject property was built in 1960, with the ability to add value and increase rents. The average rent in this sub market is $770 and has increased 7.8 percent year over year (Source Costar). The property sits on .61 acres with two bedrooms and one bathroom units. All units are one story and 600 square feet. The subject property has all one water meter and the tenants pay for electricity. This will be a good investment for someone looking to increase major value by implementing an improvement plan during ownership.

Investment Highlights

  • 100 Percent Occupied
  • Ability to Increase Rents by 20 Percent
  • 2.7 Miles from Downtown Columbia

Exclusively Listed By

Listing Price: $375,000

Cap Rate
8.65%
Number of Units
12
GRM
5.80
Occupancy
95.00%
Price/Unit
$31,250
Price/Gross SF
$52.08
Gross SF
7,200

Investment Highlights

  • 100 Percent Occupied
  • Ability to Increase Rents by 20 Percent
  • 2.7 Miles from Downtown Columbia

Investment Overview

Marcus and Millichap is pleased to offer on an exclusive basis Tremain St. Apartments, a 12-unit multifamily community located in Columbia South Carolina. The property is located off of highway one, two miles from the heart of downtown Columbia, South Carolina and the University of South Carolina. The subject property was built in 1960, with the ability to add value and increase rents. The average rent in this sub market is $770 and has increased 7.8 percent year over year (Source Costar). The property sits on .61 acres with two bedrooms and one bathroom units. All units are one story and 600 square feet. The subject property has all one water meter and the tenants pay for electricity. This will be a good investment for someone looking to increase major value by implementing an improvement plan during ownership.

Exclusively Listed By

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