1029 Kinard Ct - Multi-Family FOR SALE


Columbia, SC 29201- Elmwood Park
$259,000 USD
803-678-4921
1029 Kinard Ct, Columbia, SC for Sale
$259,000 USD
Multi-Family - FOR SALE
1/4
null | Request Cap Rate

1029 Kinard Ct
Columbia, SC 29201
Elmwood Park


HIGHLIGHTS

  • Strong Rental History: The property has maintained a stable occupancy track record in a high-demand rental pocket of Columbia.
  • Rent Growth Potential: According to CoStar, average rents in the Elmwood Park and Cotton Town submarket are 20% higher than in-place rents.
  • Value-Add Opportunity: A new owner can increase revenue through cosmetic renovations, modernizing interiors to match nearby comparables.

OVERVIEW

Columbia, SC Tri-Plex | 1029 Kinard Ct | Columbia, SC Exclusively Offered by Marcus & Millichap Marcus & Millichap is pleased to present the Kinard CourtTri-Plex, a value-add multifamily opportunity located in one of Columbia’s most established and desirable downtown neighborhoods. The asset is comprised of three units: one two-bedroom, one-bath unit and two one-bedroom, one-bath units. Situated in the Elmwood Park neighborhood in downtown Columbia, the location offers historical character and central location adjacent to downtown, BullStreet District, and USC. This central location is: 2 miles from the University of South Carolina (USC) Steps to Palmetto Health Richland Hospital, one of the region’s largest employers 1.3 miles from the BullStreet District, home to Segra Park (Columbia Fireflies), Starbucks, Iron Hill Brewery, and Tupelo Honey Surrounded by mature hardwoods, walkable streets, and beautifully restored historic homes Just blocks from the subject property, the 2222 Main View Apartments are currently under construction and will bring a new level of density, amenities, and lifestyle to the North Main corridor: Luxury 4-story complex with high-end features: coworking lounge, fitness center, rooftop dog park, pet spa, bike repair station, and communal rooftop terraces Projected Rents: $1,600–$3,000, establishing a premium benchmark for the submarket Viewed by local leadership as a catalyst project for future retail, commercial, and residential spillover across North Main Street and into the greater Cotton Town area

FOR SALE DETAILS

PRICE

$259,000 USD

PRICE/SF

$140 USD /SF

# OF UNITS

3

PRICE/UNIT

$86,333

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Kinard Court Tri-Plex

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

09012-08-14

ASK ABOUT THIS PROPERTY

Drew BabcockMarcus & MillichapMore Info
803-678-4921

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Drew BabcockMarcus & MillichapMore Info
803-678-4921

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.