3406 Fernandina Rd - Apartments FOR SALE


Columbia, SC 29210- Irmo-Seven Oaks
$4,700,000 USD
910-986-1767
3406 Fernandina Rd, Columbia, SC for Sale
$4,700,000 USD
Apartments - FOR SALE
1/8
null | 6.25% Cap Rate

3406 Fernandina Rd
Columbia, SC 29210
Irmo-Seven Oaks


HIGHLIGHTS

  • 2019 Comprehensive Renovation: All 36 units fully renovated in 2019 with new kitchens, cabinets, countertops, and fully remodeled bathrooms.
  • Double Master Bedroom Layout: Every unit features a double master bedroom layout with two full bathrooms.
  • In-Unit Washer/Dryers: Stainless steel appliances, in-unit washer/dryers, and modern kitchen finishes across all 36 units.
  • Columbia Interstate Access: Direct I-26 access to downtown Columbia and convergence of I-20 and I-77 providing central Southeast connectivity.
  • Columbia MSA Employment Base: Anchored by state government, USC, Prisma Health, Fort Jackson, Blue Cross Blue Shield of South Carolina, and Michelin.
  • Growing Columbia MSA: Columbia MSA continues to benefit from sustained population and employment growth across a diversified capital-city economy.

OVERVIEW

Marcus & Millichap is pleased to present Courtyard West Apartments, a 36-unit multifamily community located in Columbia, South Carolina. Originally built in 1982 and comprehensively renovated in 2019, the property is situated on 2.67 acres and comprises 36 two-bedroom, two-bathroom units. The 2019 renovation delivered a comprehensively modernized asset with all units featuring stainless steel appliances, in-unit washer and dryers, new kitchen cabinets and countertops, and fully remodeled bathrooms. Every unit features a double master bedroom layout with two full bathrooms, delivering a differentiated product format in the Columbia market and broadening tenant appeal. 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. Courtyard West offers direct access to I-26 with proximity to downtown Columbia and the region’s major employment centers.

FOR SALE DETAILS

PRICE

$4,700,000 USD

PRICE/SF

$125 USD /SF

# OF UNITS

36

PRICE/UNIT

$130,556

CAP RATE

6.25%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Courtyard West

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1982

PARKING SPACES

36

LAND DETAILS

LAND ACRES

2.67 AC

LAND SF

116,305 SF

ZONING

ID

APN/PARCEL ID

002839-01-065

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.