3032 Howell Ct - Apartments FOR SALE


Columbia, SC 29203- Booker Washington Heights
$1,450,000 USD
910-986-1767
3032 Howell Ct, Columbia, SC for Sale
$1,450,000 USD
Apartments - FOR SALE
1/13
null | 7.43% Cap Rate

3032 Howell Ct
Columbia, SC 29203
Booker Washington Heights


HIGHLIGHTS

  • The Property Consists of 11 Buildings, Offering Scale and Efficiency for Investors
  • Units are Well-Maintained and Positioned for an Interior Upgrade Program to Capture Rental Upside
  • Columbia’s Rapid Job Expansion and Relative Affordability Make the Area Highly Attractive to Residents
  • A Steadily Increasing Population Continues to Drive Demand for Quality, Affordable Housing
  • Conveniently Located Near I-26, I-20, and I-77, Providing Seamless Regional Connectivity

OVERVIEW

Marcus & Millichap is pleased to present Howell Court Apartments, an 11-building community located at 3032 Howell Court in Columbia, South Carolina. The property offers investors the opportunity to capitalize on Columbia’s strong demand for affordable, high-quality housing. Current ownership has invested $5,000–$6,000 per unit in renovations since 2023, including updated flooring, kitchen cabinets, countertops, appliances, bathroom vanities, and modern fixtures throughout. These upgrades enhance the community’s appeal and position it to capture higher rental rates in a supply-constrained market. Tenants are responsible for electricity and billed back for water at a flat rate, minimizing operating expenses. Columbia, the state capital and second-largest city, is home to over 144,000 residents and continues to attract new growth due to its affordability and central location in the Midlands. Major employers such as BlueCross BlueShield of South Carolina, Prisma Health, and Fort Jackson provide economic stability and thousands of jobs, while the University of South Carolina contributes to a highly educated workforce of over 40,000 students. Residents of Howell Court benefit from proximity to key employment hubs, retail destinations, and recreational amenities, as well as excellent connectivity via I-26, I-20, and I-77 to the broader Columbia metropolitan area.

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$74 USD /SF

# OF UNITS

28

PRICE/UNIT

$51,786

CAP RATE

7.43%

% LEASED

93%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Howell Court Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1965

PARKING SPACES

35

LAND DETAILS

LAND ACRES

1.66 AC

LAND SF

72,310 SF

ZONING

RG-2

APN/PARCEL ID

11507-04-01

ASK ABOUT THIS PROPERTY

Ryan LipomiMarcus & MillichapMore Info
910-986-1767

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Ryan LipomiMarcus & MillichapMore Info
910-986-1767

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