815 Raleigh St - Apartments FOR SALE


West Columbia, SC 29169
$800,000 USD
843-952-2265
815 Raleigh St, West Columbia, SC for Sale
$800,000 USD
Apartments - FOR SALE
1/3
null | 6.57% Cap Rate

815 Raleigh St
West Columbia, SC 29169


HIGHLIGHTS

  • Value-Add Opportunity with Proven Renovation and Rental Growth Strategy
  • Prime Location in a Flourishing MSA Near the University of South Carolina
  • Attractive Purchase Price of $88,000 Per Unit — 6.57 Percent In-Place Cap Rate with Potential to Exceed Nine Percent Post-Renovation
  • High Rental Demand in One of South Carolina’s Fastest-Growing Markets

OVERVIEW

Marcus & Millichap is pleased to present for sale Oak Ridge Apartments, a multifamily property located at 815 Raleigh Street in West Columbia, South Carolina. This well-positioned asset offers a compelling value add opportunity, allowing new ownership to continue the proven renovation strategy and capitalize on rental growth potential. Located in the rapidly expanding Columbia metro, the property benefits from its proximity to major demand drivers, including the University of South Carolina. With an attractive purchase price of $88,000 per unit at an in-place cap rate of 6.57 percent, investors have the potential to achieve returns exceeding nine percent post-renovation. This asset provides an excellent opportunity to acquire a well-located, income-producing property with significant upside potential in one of South Carolina’s fastest-growing rental markets.

FOR SALE DETAILS

PRICE

$800,000 USD

PRICE/SF

$89 USD /SF

# OF UNITS

9

PRICE/UNIT

$88,889

CAP RATE

6.57%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Oak Ridge Apartments

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

-

APN/PARCEL ID

004658-03-002

ASK ABOUT THIS PROPERTY

Carson FordMarcus & MillichapMore Info
843-952-2265

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Carson FordMarcus & MillichapMore Info
843-952-2265

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.