3638 Falling Springs Rd | Columbia, SC 29203
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3638 Falling Springs Rd
Columbia, SC 29203
River Ridge Apartments · Multifamily Property For Sale
·
146 Units
INVESTMENT HIGHLIGHTS
- 60% of Property Taxes Abated
- 26% Loss to Lease
- 37% of Units Renovated
- Located 2 miles from Downtown Columbia and South Carolina University
PROPERTY FACTS
| No. Units | 146 | Building Size | 135,845 SF |
| Property Type | Multifamily | Average Occupancy | 79% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Townhome | Year Built/Renovated | 1969/2023 |
| Building Class | C | Parking Ratio | 2.21/1,000 SF |
| Lot Size | 22.47 AC | ||
| Zoning | RG-2 - Residential | ||
| No. Units | 146 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 22.47 AC |
| Building Size | 135,845 SF |
| Average Occupancy | 79% |
| No. Stories | 2 |
| Year Built/Renovated | 1969/2023 |
| Parking Ratio | 2.21/1,000 SF |
| Zoning | RG-2 - Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Walking/Biking Trails
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 2 | - | 520 |
| 1+1 | 33 | - | 771 |
| 2+1 | 13 | - | 956 |
| 2+1.5 | 73 | - | 958 |
| 3+2 | 25 | - | 1,080 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $12,667,600 | |
| Land Assessment | $320,200 | Total Assessment | $12,987,800 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$320,200
Improvements Assessment
$12,667,600
Total Assessment
$12,987,800
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