Log In/Sign Up
Your email has been sent.
Courtyard West 3406 Fernandina Rd 36 Unit Apartment Building $4,700,000 ($130,556/Unit) 6.25% Cap Rate Columbia, SC 29210
Investment Highlights
- 2019 Comprehensive Renovation: All 36 units fully renovated in 2019 with new kitchens, cabinets, countertops, and fully remodeled bathrooms.
- In-Unit Washer/Dryers: Stainless steel appliances, in-unit washer/dryers, and modern kitchen finishes across all 36 units.
- Columbia MSA Employment Base: Anchored by state government, USC, Prisma Health, Fort Jackson, Blue Cross Blue Shield of South Carolina, and Michelin.
- Double Master Bedroom Layout: Every unit features a double master bedroom layout with two full bathrooms.
- Columbia Interstate Access: Direct I-26 access to downtown Columbia and convergence of I-20 and I-77 providing central Southeast connectivity.
- Growing Columbia MSA: Columbia MSA continues to benefit from sustained population and employment growth across a diversified capital-city economy.
Executive Summary
Marcus & Millichap is pleased to present Courtyard West Apartments, a 36-unit multifamily community located in Columbia, South Carolina. Originally built in 1982 and comprehensively renovated in 2019, the property is situated on 2.67 acres and comprises 36 two-bedroom, two-bathroom units.
The 2019 renovation delivered a comprehensively modernized asset with all units featuring stainless steel appliances, in-unit washer and dryers, new kitchen cabinets and countertops, and fully remodeled bathrooms. Every unit features a double master bedroom layout with two full bathrooms, delivering a differentiated product format in the Columbia market and broadening tenant appeal.
The broader Columbia MSA continues to benefit from sustained population and employment growth anchored by state government, the University of South Carolina, Fort Jackson, Prisma Health, Lexington Medical Center, Blue Cross Blue Shield of South Carolina, Michelin, Amazon, Dominion Energy, and Nephron Pharmaceuticals. Courtyard West offers direct access to I-26 with proximity to downtown Columbia and the region’s major employment centers.
The 2019 renovation delivered a comprehensively modernized asset with all units featuring stainless steel appliances, in-unit washer and dryers, new kitchen cabinets and countertops, and fully remodeled bathrooms. Every unit features a double master bedroom layout with two full bathrooms, delivering a differentiated product format in the Columbia market and broadening tenant appeal.
The broader Columbia MSA continues to benefit from sustained population and employment growth anchored by state government, the University of South Carolina, Fort Jackson, Prisma Health, Lexington Medical Center, Blue Cross Blue Shield of South Carolina, Michelin, Amazon, Dominion Energy, and Nephron Pharmaceuticals. Courtyard West offers direct access to I-26 with proximity to downtown Columbia and the region’s major employment centers.
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
Property Facts
| Price | $4,700,000 | Building Class | B |
| Price Per Unit | $130,556 | Lot Size | 2.67 AC |
| Sale Type | Investment | Building Size | 37,474 SF |
| Cap Rate | 6.25% | Average Occupancy | 97% |
| No. Units | 36 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1982/2019 |
| Property Subtype | Apartment | Parking Ratio | 0.96/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | ID - 1041: Apartments | ||
| Price | $4,700,000 |
| Price Per Unit | $130,556 |
| Sale Type | Investment |
| Cap Rate | 6.25% |
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 2.67 AC |
| Building Size | 37,474 SF |
| Average Occupancy | 97% |
| No. Stories | 3 |
| Year Built/Renovated | 1982/2019 |
| Parking Ratio | 0.96/1,000 SF |
| Zoning | ID - 1041: Apartments |
Amenities
Unit Amenities
- Balcony
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Tub/Shower
- Patio
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 36 | - | 1,000 |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
20/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 002839-01-065 | Improvements Assessment | $163,485 |
| Land Assessment | $12,015 | Total Assessment | $175,500 |
Property Taxes
Parcel Number
002839-01-065
Land Assessment
$12,015
Improvements Assessment
$163,485
Total Assessment
$175,500
1 of 9
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
