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320 S Beltline
Columbia, SC 29205
Woodland Terrace Townhouses · Multifamily Property For Sale · 88 Units

Investment Highlights

  • Convenien to downtown Columbia and an eight-minute drive to the University of South Carolina. This asset offers residents numerous opportunities for e
  • This is a high-growth potential asset - Ability to increase rents
  • The Comet, Central Midlands Regional Transit Authority has a stop directly outside of this property, giving residents easy access to public transporta

Executive Summary

Marcus and Millichap is pleased to present Woodland Terrace Townhouses in Columbia, SC. Woodland Terrace, 88 Townhome style Condo Units on 19.38 acres. Woodland Terrace Townhouses is a 10-minute drive to the downtown area of Columbia and the University of South Carolina. It is also situated one block from Midland Technical College and a major Columbia retail corridor. The Comet, Central Midlands Regional Transit Authority has a bus stop directly outside of this property, giving residents easy access to public transportation, and more options for commuting. Built in 1949 and renovated in 2016, this property offers two-bedroom units. Current ownership has been acquiring individual units over the years and is in the process of purchasing the 88th unit out of 175 – Granting new ownership control of the HOA. HOA dues currently cover insurance, exterior maintenance/repairs, exterior capital improvements (roofs, paint, siding, etc.), landscaping, asphalt for roads/parking, exterior freshwater lines & sewer lines, security cameras, fresh water for tenant's use, trash service for tenants, collection of HOA dues from homeowners, and HOA management. New owners may award themselves the contract for the HOA Property Management at the conclusion of the existing contract (the current contract is for $27,420 per year). This asset offers investors an opportunity with potential upside through a common area improvement, stabilizing rents, and several exit strategies.

Property Facts

No. Units 88
Property Type Multifamily
Property Subtype Apartment
Apartment Style Townhome
Building Class C
Lot Size 19.38 AC
Building Size 133,281 SF
Average Occupancy 100%
No. Stories 1
Year Built/Renovated 1949/2016
Parking Ratio 1.26/1,000 SF
APN / Parcel ID
13883-01-01
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Zoning RS-1

Amenities

Unit Amenities

  • Kitchen
  • Oven
  • Range

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 88 - -
  • Listing ID: 26096958

  • Date on Market: 7/6/2022

  • Last Updated:

  • Address: 320 S Beltline, Columbia, SC 29205

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