1611 , 1844 Horseshoe Drive

$545,000

Two Triplexes Columbia, SC
1844 Horseshoe Drive Built 2008
1611 Horseshoe Drive Built 2010

Each Unit 1,080SF 2 Bedrooms 2 baths

Both properties have an almost 99% occupancy rate (currently
rented with people standing in line). $825 per month per unit,
or $59,400 per year. Owner pays for sewer and yard
maintenance, and tenants pay all other utilities. Current
maintenance manager lives on site.
Richland County TMS # 17011-01-12 (1844 Horseshoe)
Richland County TMS # 17011-01-09 (1611 Horseshoe)
Zoned RM – HD (Multi Family Hi Density)
Great location in NE Columbia between I-20 and I-77
Richland School District 2
Excellent investment opportunity with great cash flow
Annual Cash Flow – $56,430 (accounting for 5% vacancy)
Expenses Trailing 12 – $11,400
2014 NOI – $45,030
Cap Rate 8.25
OCCUPIED – SHOWN BY APPOINTMENT ONLY

 

General Information

Subdivision
Stories1
Lot Size0.00 acre

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Walker Cate

Land & Commercial Sales Associate walker@svrealty.com 803-260-0711 803-359-7025 Profile