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$1,600,000
Est. payment /mo
8,523 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Apartments
Listing Status Active
Purchase Type For Sale
Square Footage 8,523 sqft
Price per Sqft $187
MLS Listing ID 639557
Construction Status Resale
Year Built 1950
Property Sub-Type Apartments
Property Description
Investment Opportunity – Renovated Efficiency Apartment CommunityNewly renovated efficiency apartments offering clean, modern interiors at an affordable price. This former hotel has been thoughtfully converted into an attractive studio apartment community featuring updated finishes throughout. Ideally located on Two Notch Road with convenient access to downtown Columbia, Fort Jackson, I-20, major employers, shopping, dining, and public transportation.Only 5 of 18 units are currently available, providing an opportunity to increase occupancy and maximize income. Please see agent remarks for showing instructions. Do not disturb tenants.This income-producing property is positioned to meet the strong and growing demand for affordable workforce housing, making it an excellent addition to any multifamily investment portfolio.Property Highlights18 renovated studio/efficiency apartment units13 units currently occupiedValue-add opportunity with lease-up potentialStrong demand for affordable housingConvenient location near downtown Columbia, Fort Jackson, I-20, shopping, dining, and bus routesPotential for stable cash flow and long-term appreciationIdeal for investors seeking workforce housing or multifamily assetsWhether you're expanding an existing portfolio or acquiring your first multifamily investment, this property offers an exceptional opportunity to generate consistent rental income while benefiting from continued demand in the Columbia market. Disclaimer: CMLS has not reviewed
Location
State SC
County Richland
Area City Of Columbia, Denny Terrace, Lake Elizabeth
Zoning Commercial/Residential
Interior
Heating Other
Cooling Other
Exterior
Garage Spaces 20.0
Building
Lot Description Columbia, SC
Story 1
Sewer Public
Water Public
Construction Status Resale
Others
Miscellaneous In Storage
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Listed by Grand Palmetto Realty LLC
Nearby School & Business
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