4017 Ensor Ave - Apartments FOR SALE


Columbia, SC 29203- Seminary Ridge | 
$325,000 USD
803-772-5858
4017 Ensor Ave, Columbia, SC for Sale
$325,000 USD
Apartments - FOR SALE
1/11
null | 11.3% Cap Rate

4017 Ensor Ave
Columbia, SC 29203
Seminary Ridge


HIGHLIGHTS

  • Excellent opportunity to acquire a fully occupied, income-producing multifamily property in Columbia. The property consists of a duplex plus a separ

OVERVIEW

Excellent opportunity to acquire a fully occupied, income-producing multifamily property in Columbia. The property consists of a duplex plus a separate 2-bedroom, 1-bath apartment located above the detached garage, providing three rental units and immediate income from day one. The property currently generates $3,050 per month / $36,600 per year in actual rental income with established tenants in place. Units are separately metered, helping keep owner-paid expenses low. Annual property taxes are approximately $3,734 and current annual property insurance is approximately $860. At the current asking price of $325,000, the property offers an attractive 11.3% gross rental yield at approximately $108,000 per unit. Investment Highlights: • 3 income-producing rental units • Fully occupied with established tenants • $3,050 current monthly rental income • $36,600 current annual rental income • Separately metered units • Approximately $3,734 annual property taxes • Approximately $860 current annual insurance expense • Duplex + detached 2BR/1BA garage apartment • Approximately $108,000/unit at asking price • Immediate rental income with potential for future rent growth An attractive opportunity for an investor seeking an established multifamily property with existing cash flow and relatively low fixed property expenses. Financial information and lease details available to qualified buyers. Preapproval before all showings will be needed before a appointment will be set up. Email them to JT Livingston jtsellscolumbia#@gmail.com

FOR SALE DETAILS

PRICE

$325,000 USD

PRICE/SF

$86 USD /SF

# OF UNITS

3

PRICE/UNIT

$108,333

CAP RATE

11.3%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

4017 Ensor Avenue

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,019 SF

ZONING

RG-1

APN/PARCEL ID

09210-05-05

ASK ABOUT THIS PROPERTY

JT LivingstonKeller Williams Realty, Columbia SCMore Info
803-772-5858

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

JT LivingstonKeller Williams Realty, Columbia SCMore Info
803-772-5858

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