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

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

PROPERTY TAXES

  • Listing ID: 31458522

  • Date on Market: 4/9/2024

  • Last Updated:

  • Address: 1929 Bluff Rd, Columbia, SC 29201