The Retreat at Columbia 1929 Bluff Rd 9 Unit Apartment Building $2,645,700 ($293,967/Unit) 8.10% Cap Rate Columbia, SC 29201



EXECUTIVE SUMMARY
Investment Opportunity: 2024/2025 - fully occupied 100% and rent increases 5-10% from last year. New management with a reputable national brand with an office onsite! USC Student Rental Portfolio Consisting of 9 units: Welcome to an exceptional investment opportunity tailored for buyers seeking a lucrative rental portfolio. This portfolio presents a meticulous collection of nine units exclusively designed to cater to the dynamic lifestyle of USC students. Unit Composition: This portfolio comprises a diverse mix of spacious units, including 5 four-bedroom residences, 3 three-bedroom units, and 1 five-bedroom dwelling, accommodating various student living preferences. Situated within a gated community, these cottages provide a secure and tranquil environment conducive to academic pursuits, just moments away from the vibrant USC campus. Residents enjoy access to an array of amenities, including two shimmering pools, a fully-equipped gym, a welcoming clubhouse, and recreational facilities such as basketball and volleyball courts, fostering a balanced lifestyle. A dedicated shuttle service to campus ensures seamless transportation for students, enhancing accessibility and convenience. Thoughtfully landscaped green spaces provide residents opportunities for relaxation and outdoor activities, promoting a sense of community and well-being. The presence of professional onsite management guarantees a hassle-free investment experience for owners, providing expert oversight and ensuring optimal operational efficiency. Investment Opportunity Package Sale: The sellers are exclusively selling this portfolio as a cohesive package.
DATA ROOM Click Here to Access
- Operating and Financials
PROPERTY FACTS
Price | $2,645,700 |
Price Per Unit | $293,967 |
Sale Type | Investment |
Cap Rate | 8.10% |
No. Units | 9 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Garden |
Building Class | B |
Lot Size | 42.95 AC |
Building Size | 14,460 SF |
No. Stories | 2 |
Year Built | 2008 |
Zoning | PDR - planned development residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Tub/Shower
- Yard
SITE AMENITIES
- Business Center
- Clubhouse
- Courtyard
- Fitness Center
- Basketball Court
- Volleyball Court
UNIT MIX INFORMATION
DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
---|---|---|---|
4+4 | 5 | $2,645 | 1,543 - 1,753 |
5+5 | 1 | $3,422 | 1,908 |
3+3 | 3 | $2,115 | 1,351 |
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PROPERTY TAXES
Parcel Number | 11100-01-14 | Improvements Assessment | $0 |
Land Assessment | $0 | Total Assessment | $5,400 |