For Sale
$2,379,000

1929 Bluff RdColumbia, SC 29201

Columbia, SC Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a turnkey, 9-unit student housing portfolio in Columbia, South Carolina, ideally situated near the University of South Carolina campus. Built in 2008, this two-story property boasts 34 beds across a mix of unit sizes: five four-bedroom units, three three-bedroom units, and one five-bedroom unit, catering to diverse student needs. The property is fully occupied for 2024/2025, projecting a 5-10% rent increase from last year. Residents enjoy a gated community setting with amenities including two swimming pools, a fitness center, a clubhouse, and recreational courts (basketball and volleyball). A convenient shuttle service to the university campus is provided. Professional, on-site management ensures efficient operations and hassle-free ownership. This meticulously maintained property offers a strong return on investment, with rent rolls available upon request. The property is being sold as a complete package, presenting a rare opportunity to acquire a high-performing, established student housing portfolio in a prime location. The asking price is $2,379,000, representing a price per unit of $264,333.33. This is a truly turnkey investment, ideal for those seeking a passive income stream with minimal management responsibilities. The property's location, amenities, and strong occupancy rates make it a highly desirable investment.

Highlights

  • Turnkey 9-unit student housing portfolio near the University of South Carolina.
  • 34 beds in a mix of 4-bedroom, 3-bedroom, and 5-bedroom units.
  • Fully occupied for 2024/2025, projecting 5-10% rent increase.
  • Amenities include two pools, fitness center, clubhouse, and recreational courts; gated community with shuttle service to campus.
  • Professionally managed; strong ROI; asking price $2,379,000 ($264,333 per unit).

Property Details for 1929 Bluff Rd

Property type
Dormitories, Student housing
Year Built
2008
Stories
2
Units
9

Location Insight

City
Columbia
County
Richland
State
South Carolina
Latitude
33.9587061
Longitude
-81.0036929
1929 Bluff Rd, Columbia, South Carolina

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1929 Bluff Rd
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