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2620 Main St 4 Unit Apartment Building $795,000 ($198,750/Unit) 9.34% Cap Rate Columbia, SC 29201
Executive Summary
This is an interesting Commercial / residentual property, Could be a live / work property , The Two front Commerrcial units are presently occupied by one tenant , as i see it the greatest potential to improve rental income or owner occupy ...Convienantly located to Down Town ( 1 mile ) New USC medical School , University of SC , dining in Cotton Town Main St , Vista , shopping , Inrestate access.This unique property has Commercial usage and 4 residentual units , two that have been completly renovated .The other units bring in respectible rent for what they are , upside potential ...The Commercial up front has great street visability Good off street parking in front of commercial , and in back through the portechet .We are leaving unit F in back up vac for easy showing , updated with last rent rate $1,450 per month .If F rented for prior rent and all else stayed the same gross annual rent of $74,280. Multiple property usages 3 of the 4 residentual units renovated
Property Facts
| Price | $795,000 | Lot Size | 0.22 AC |
| Price Per Unit | $198,750 | Building Size | 7,902 SF |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 9.34% | Year Built | 1930 |
| No. Units | 4 | Tenancy | Single |
| Property Type | Multifamily | Parking Ratio | 1.27/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | C-3 | ||
| Price | $795,000 |
| Price Per Unit | $198,750 |
| Sale Type | Investment |
| Cap Rate | 9.34% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 7,902 SF |
| No. Stories | 2 |
| Year Built | 1930 |
| Tenancy | Single |
| Parking Ratio | 1.27/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | C-3 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1 | 2 | - | - |
| 3+1 | 1 | - | - |
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 09109-08-08 | Improvements Assessment | $270,700 |
| Land Assessment | $37,400 | Total Assessment | $308,100 |
Property Taxes
Parcel Number
09109-08-08
Land Assessment
$37,400
Improvements Assessment
$270,700
Total Assessment
$308,100
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2620 Main St
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