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$320,000

Est. payment - /mo

5 Beds

3 Baths

1,791 SqFt

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Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,791 sqft

Price per Sqft $178

MLS Listing ID 636721

Bedrooms 5

Full Baths 3

Construction Status Resale

Year Built 1950

Lot Size 9,147 Sqft

Property Sub-Type Triplex

Property Description

Excellent opportunity to acquire a fully occupied, income-producing multifamily property in Columbia. The property consists of a duplex plus a separate 2-bedroom, 1-bath apartment located above the detached garage, providing three rental units and immediate income from day one.The property currently generates $3,050 per month / $36,600 per year in actual rental income with established tenants in place. Units are separately metered, helping keep owner-paid expenses low.Annual property taxes are approximately $3,734 and current annual property insurance is approximately $860.At the current asking price of $325,000, the property offers an attractive 11.3 gross rental yield at approximately $108,000 per unit.Investment Highlights:• 3 income-producing rental units• Fully occupied with established tenants• $3,050 current monthly rental income• $36,600 current annual rental income• Separately metered units• Approximately $3,734 annual property taxes• Approximately $860 current annual insurance expense• Duplex + detached 2BR/1BA garage apartment• Approximately $108,000/unit at asking price• Immediate rental income with potential for future rent growthAn attractive opportunity for an investor seeking an established multifamily property with existing cash flow and relatively low fixed property expenses.Financial information and lease details available to qualified buyers. Disclaimer: CMLS has not reviewed and, therefore, does not endorse vendors who may appear in listings.

Location

State SC

County Richland

Area City Of Columbia, Denny Terrace, Lake Elizabeth

Interior

Heating Central

Cooling Central

Exterior

Parking Features Other

Garage Spaces 8.0

Pool None

Street Surface Paved

Building

Story 1.5

Foundation Crawl

Sewer Public

Water Public

Structure Type Asbestos

Construction Status Resale

Schools

Elementary Schools Hyatt Park

Middle Schools Gibbes

High Schools Eau Claire

School District Richland One

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Listed by Keller Williams Realty

Nearby School & Business

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The Family Real Estate Group

+1(843) 609-5202

Team w/AgentOwned Realty License ID: 103973

4017 Ensor Avenue Columbia, SC 29023