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Cedar Crossing 350 Byron Rd 16 Unit Apartment Building $1,840,000 ($115,000/Unit) Columbia, SC 29209
Investment Highlights
- 16 two-bed / two-bath units
- Full washer/dryer hookups in every unit
- Recently renovated interiors and roof
- Individually metered for water and electric, reducing operating costs
- Convenient location near daily-needs retail and major employers
- Six new HVAC systems in last 24 months
Executive Summary
Marcus & Millichap is pleased to present Cedar Crossing Apartments, a 16-unit multifamily community located in Columbia, South Carolina. Built in 1984, the property sits on 1.29 acres approximately 10 minutes from Downtown Columbia, offering convenient access to major employment centers and retail corridors.
The community is comprised entirely of two-bedroom, two-bathroom residences, each featuring washer/dryer hookups and individually metered utilities, allowing for efficient operations and reduced operating costs.
Cedar Crossing benefits from strong nearby retail options, located within two miles of Target, Whole Foods, Walmart, and a wide array of shopping and dining options. With a desirable 2BD/2BA unit mix, recent capital improvements, and proximity to daily-needs retail, the property is well positioned to capture consistent workforce housing demand in the growing Columbia market.
The community is comprised entirely of two-bedroom, two-bathroom residences, each featuring washer/dryer hookups and individually metered utilities, allowing for efficient operations and reduced operating costs.
Cedar Crossing benefits from strong nearby retail options, located within two miles of Target, Whole Foods, Walmart, and a wide array of shopping and dining options. With a desirable 2BD/2BA unit mix, recent capital improvements, and proximity to daily-needs retail, the property is well positioned to capture consistent workforce housing demand in the growing Columbia market.
Property Facts
| Price | $1,840,000 | Building Class | C |
| Price Per Unit | $115,000 | Lot Size | 1.29 AC |
| Sale Type | Investment | Building Size | 14,400 SF |
| No. Units | 16 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1984/2024 |
| Apartment Style | Low-Rise | Parking Ratio | 3.19/1,000 SF |
| Zoning | RM-2 | ||
| Price | $1,840,000 |
| Price Per Unit | $115,000 |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.29 AC |
| Building Size | 14,400 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1984/2024 |
| Parking Ratio | 3.19/1,000 SF |
| Zoning | RM-2 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 16 | $1,181 | 900 |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 16406-06-09 | Improvements Assessment | $630,600 |
| Land Assessment | $79,400 | Total Assessment | $710,000 |
Property Taxes
Parcel Number
16406-06-09
Land Assessment
$79,400
Improvements Assessment
$630,600
Total Assessment
$710,000
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Cedar Crossing | 350 Byron Rd
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