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32403792
32403825

2516 RICHLAND ST, COLUMBIA, SC 29204-7876

BG
SC SC 11680
Coldwell Banker Commercial
Listed by Coldwell Banker Commercial
$1,595,000
29 days on market
Updated 3 days ago

NEW MULTIFAMILY STUDENT RENTAL

Details
APN R11412-01-04
Property Type Multifamily
Sub Type Student Housing
Square Footage 6,240
Net Rentable (SqFt) 6,240
Units 4
Beds 12
Cap Rate 6.68%
NOI $106,535
Occupancy 100%
Price per SqFt $256
Broker Co-Op True
Year Built 2025
Buildings 2
Stories 2
Lot Size (SqFt) 14,989
Zoning MULTIFAMILY
Parking Spaces 12 per unit
Investment Type Stabilized
Ownership Fee Simple

100 % LEASED 12 BR'S 12 FULL BATHS

Marketing description

TWO BRAND NEW DUPLEXES IN A VERY CONVENIENT LOCATION ONLY 2 MILES FROM UNIVERSITY OF SOUTH CAROLINA CAMPUS AND APPROX 1.4 MILES TO FIVE POINTS ENTERTAINMENT DISTRICT.

THESE TOWNHOME STYLE DUPLEXES WERE CUSTOM BUILT AND PROFESSIONALLY DESIGNED BY LAFAYE CUSTOM HOMES IN 2025 ( 9 MONTHS AGO) . THEY ARE FULLY LEASED TIL 7-31-2027 WITH GROSS REVENUE OF $150,825 PER YEAR.

TWO DUPLEXES, FOUR UNITS TOTAL, EACH OF THE FOUR UNITS HAS 3 BR'S EACH WITH THEIR OWN PRIVATE FULL BATH ( A TOTAL OF 12 BR'S AND 12 FULL BATHS).

ALL UNITS ARE SEPARATELY METERED FOR ALL UTILITIES WHICH THE TENANTS PAY.

EACH TOWNHOME STYLE UNIT HAS LARGE LIVING AREAS OPEN TO THE AMAZING KITCHENS FEATURING SOLID STONE COUNTERTOPS (ALSO IN ALL BATHROOMS), ALL NEW STAINLESS STEEL APPLIANCES INCLUDING DISHWASHERS, REFRIGERATORS, STOVES, AND MICROWAVES. ADDITIONAL FEAUTURES INCLUDE WASHER/DRYERS IN EACH UNIT, TANKLESS HOT WATER HEATERS, RING CAMERA SYSTEMS, OUTDOOR GREEN SPACE WITH COVERED ENTERTAINMENT AREAS AND AMPLE OFF STREET PARKING.

QUALITY CONSTRUCTION

HIGH END FINISHES

LOW MAINTENANCE

FULLY LEASED

Investment highlights

BRAND NEW CONSTRUCTION 100% LEASED WITH GROSS ANNUAL REVENUE OF $150,825 SUMMER 2026-SUMMER 2027 SCHOOL YEAR

Listing Contacts

BG
SC SC 11680
Coldwell Banker Commercial
Listed by Coldwell Banker Commercial

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$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$106,535.00
$8,877.92/mo

Valuation Metrics

0
DSCR
6.68%
Cap Rate
6.68%
ROI

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Additional Information

Name
BILL GRAHAM
License
11680
Brokerage
COLDWELL BANKER
Title
Broker of Record
Brokerage Address
1711 GERVAIS ST , COLUMBIA SC 29201
Name
Bill Graham
License
SC 11680
Brokerage
Coldwell Banker
Brokerage Address
1711 Gervais Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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