3610 Timberlane Dr - Apartments FOR SALE


Columbia, SC 29205- Rosewood
$2,875,000 USD
803-528-7447
3610 Timberlane Dr, Columbia, SC for Sale
$2,875,000 USD
Apartments - FOR SALE
1/10
null | Request Cap Rate

3610 Timberlane Dr
Columbia, SC 29205
Rosewood


OVERVIEW

Architectural shingles + brick exterior Renovations: New flooring, paint, and appliances as needed Single-story on slab units with individual private courtyards Common laundry (coin-operated) Surveillance system on site Each building has a master water meter - tenants pay a monthly water surcharge Prime Location: Close to major employers, educational institutions, and local amenities Easy access to Downtown and the University of South Carolina Offered significantly below replacement costs Modernized units for tenant appeal Strong rent growth potential Strong demand for 1 bedroom studio apartments Turnkey opportunity with ongoing upgrades at each turn Close proximity to shopping, dining, and city park Low cost turns to add value SC Tax Abatement Opportunity: Current rents are below Area Median Income (AMI) requirements, potentially qualifying for tax benefits. Value-Add Potential: Opportunity to continue interior renovations and increase rents to market levels.

FOR SALE DETAILS

PRICE

$2,875,000 USD

PRICE/SF

$115 USD /SF

# OF UNITS

32

PRICE/UNIT

$89,844

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Timberlane Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1977

PARKING SPACES

20

LAND DETAILS

LAND ACRES

1.74 AC

LAND SF

75,755 SF

ZONING

RM-MD

APN/PARCEL ID

13706-01-02

ASK ABOUT THIS PROPERTY

Will FreemanNAI Earle Furman LLCMore Info
803-528-7447

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Will FreemanNAI Earle Furman LLCMore Info
803-528-7447

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