This Multifamily Property is Off-Market.

2101 Fish Hatchery Road
West Columbia, SC 29172 ·

106 Units · Multifamily For Sale

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Congaree Villas

Price N/A Cap Rate 7.73%
No. Units 106 Occupancy 95%
Building Size 149,164 SF No. Stories 2
Property Type Multifamily Year Built 2002
Property Sub-type Garden/Low-Rise Lot Size 16.65 AC
Property Use Type Investment
Listing ID: 16070428 Date Created: 01/22/2009 Last Updated: 06/03/2009

Description

The Congaree Villas, located in West Columbia, SC, present an opportunity for an investor to acquire a strongly positioned asset, with attractive assumable debt. Currently, the property has strong, in-place rents, and a number of corporate units which are leased to local businesses. Situated off of three (3) major interstates/highways (I-77, I-26, and 321), the Congaree Villas is conveniently positioned with easy access to various locations in and around the area.

The Congaree Villas is a quiet, gated community, with a Charleston-like atmosphere. At Congaree Villas, each unit is metered and deeded, separately. With large unit sizes, the opportunity is there for an immediate condo-conversion, once the residential market recovers.

The Congaree Villas is located in West Columbia, SC, and is included as part of the greater Columbia MSA (716,030). Columbia, a finance, government, trade, and industrial center, is the capital (and largest city) of South Carolina, and extends to both Richland and Lexington counties. Columbia is also known for its academic institutions, the largest being the University of South Carolina
Columbia is intersected by I-77, which provides access (via 1.5-hr drive) to Charlotte, NC. Additionally, a two (2) hour drive on I-26 is a convenient drive to Charleston, SC.

Congaree Villas is situated with excellent access to both I-77 and I-26, as well as Highway 321. The Columbia Metropolitan Airport is five miles from this location, with the University of South Carolina only seven miles away. Major nearby employers include UPS, Michelin North America, Southeastern Freight, Eastman Chemicals, Shaw Industries, and numerous other manufacturing/industrial companies. With a growing residential base, commercial development continues to grow, as well.

Congaree Villas stands out in both location and quality, as the apartment standard in West Columbia, SC.

Highlights

  • Quality, well-maintained 2002 Construction
  • All units deeded and metered separately
  • Excellent location - convenient to I-77, I-26, and US-321
  • Less than two (2) miles from Columbia Metropolitan Airport
  • Close to major Lexington County employers

Research

2101 Fish Hatchery Road, West Columbia, SC 29172 (Lexington County)

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