3032 Howell Ct - Apartments FOR SALE


Columbia, SC 29203- Booker Washington Heights | 
$1,350,000 USD
910-986-1767
3032 Howell Ct, Columbia, SC for Sale
$1,350,000 USD
Apartments - FOR SALE
1/7
null | 8.32% Cap Rate

3032 Howell Ct
Columbia, SC 29203
Booker Washington Heights


HIGHLIGHTS

  • Recent Renovation Program: $5,000 to $6,000 per unit invested in renovations since 2023.
  • Efficient All 2BR Unit Mix: Uniform 28-unit all two-bedroom layout across 11 buildings supporting streamlined operations and simplified turnover.
  • Value-Add Upside: Continued opportunity for interior upgrades to capture additional rental upside in the growing Columbia market.
  • Efficient Utility Structure: Tenants pay electric; water billed back at flat rate, minimizing operating expenses for a new owner.
  • Columbia MSA Employment Base: Anchored by state government, USC, Prisma Health, Fort Jackson, Blue Cross Blue Shield of South Carolina, and Michelin.
  • Interstate Crossroads: Columbia sits at the convergence of I-26, I-20, and I-77, providing central Southeast connectivity.

OVERVIEW

Marcus & Millichap is pleased to present Howell Court Apartments, a 28-unit multifamily community located in Columbia, South Carolina. Originally built in 1965, the property is comprised of 11 buildings and offers 28 uniform two-bedroom units. Current ownership has invested $5,000 to $6,000 per unit in renovations since 2023, including updated flooring, kitchen cabinets, countertops, appliances, bathroom vanities, and modern fixtures throughout. The property continues to offer a defined runway for additional interior upgrades to capture further rental upside. Tenants are responsible for electricity, and water is billed back at a flat rate, minimizing operating expenses for a new owner. The broader Columbia MSA continues to benefit from sustained population and employment growth anchored by state government, the University of South Carolina, Fort Jackson, Prisma Health, Lexington Medical Center, Blue Cross Blue Shield of South Carolina, Michelin, Amazon, Dominion Energy, and Nephron Pharmaceuticals. Howell Court offers direct access to I-26, I-20, and I-77 with proximity to downtown Columbia and the region’s major employment centers.

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$69 USD /SF

# OF UNITS

28

PRICE/UNIT

$48,214

CAP RATE

8.32%

% 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.