316 S Bull Street, Columbia, SC 29201
- $8,200,000
- 11
- BA
- List Price
- $8,200,000
- MLS#
- 570595
- Status
- ACTIVE
- Days on Market
- 13
- Type
- Multifamily
- Year Built
- 2019
- City
- Columbia
- Area
- Columbia - South
- County
- Richland
- Neighborhood
- Usc
- Bathrooms
- 11
Property Description
Specs: 75 Beds | 45 Baths | 30,326 sqft 8 Duplexes | 6 SFD. Portfolio spread out in approx 1 mile radius surrounding University of SC. Financial Snapshot: Gross Rents: $703,200 | NOI: $624,358 | Gross Insurance: $19,709 | Gross Taxes: $46,493 | Avg Maintenance: $12,640 | 7 properties have a 20 year tax abatement Bailey Bill | 7.65% Cap Rate. Why Invest? Stable Income: Generate $703,200 in annual gross rents. Strategic Location: Close to University of SC, ensuring a steady pool of student tenants. High Demand: Benefit from the consistent demand for student housing over 33,000 student base Value Appreciation: Potential for property value growth every year. Mix of new construction and stud rehabs from 2019-2023 Consistent rent increases year over year.
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Additional Information
- Parking Spaces
- 75
- Total Units
- 22
- Stories
- 2
- School District
- Richland One
- Elementary School
- Moore
- Middle School
- Hand
- High School
- Dreher
- Total Heated Square Feet
- 30326
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Listing courtesy of Keller Williams Palmetto.