1929 Bluff RdColumbia, SC 29201
- Other commercial real estate
- 4,807 SF
Property Details for 1929 Bluff Rd
- Year built
- 2008
- Construction
- FRAME
- Lot size
- 16.47 AC
- Property size (Sq ft)
- 4,807 SF
- Zone code
- PDD-R
- Property type
- Other commercial real estate
- APN
- R11100-01-14
- APU
- R111000114
Description
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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $776,489
- Hospitality
- $711,260
- Educational
- $591,760
- Medical
- $612,111
- Retail
- $920,515
Location Insight
- City
- Columbia
- County
- Richland
- State
- South Carolina
- Latitude
- 33.959
- Longitude
- -81.001
- CBSA code
- 17900
- CBSA name
- COLUMBIA, SC METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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