2322 Two Notch Rd, Columbia, SC 29204-2225

$1,600,000

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List Price
$1,600,000
MLS#
639557
Status
ACTIVE
Days on Market
0
Type
Commercial
Year Built
1950
City
Columbia
Area
City of Columbia, Denny terrace, Lake Elizabeth
County
Richland

Property Description

Investment Opportunity – Renovated Efficiency Apartment CommunityNewly renovated efficiency apartments offering clean, modern interiors at an affordable price. This former hotel has been thoughtfully converted into an attractive studio apartment community featuring updated finishes throughout. Ideally located on Two Notch Road with convenient access to downtown Columbia, Fort Jackson, I-20, major employers, shopping, dining, and public transportation.Only 5 of 18 units are currently available, providing an opportunity to increase occupancy and maximize income. Please see agent remarks for showing instructions. Do not disturb tenants.This income-producing property is positioned to meet the strong and growing demand for affordable workforce housing, making it an excellent addition to any multifamily investment portfolio.Property Highlights18 renovated studio/efficiency apartment units13 units currently occupiedValue-add opportunity with lease-up potentialStrong demand for affordable housingConvenient location near downtown Columbia, Fort Jackson, I-20, shopping, dining, and bus routesPotential for stable cash flow and long-term appreciationIdeal for investors seeking workforce housing or multifamily assetsWhether you're expanding an existing portfolio or acquiring your first multifamily investment, this property offers an exceptional opportunity to generate consistent rental income while benefiting from continued demand in the Columbia market. Disclaimer: CMLS has not reviewed

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Listing courtesy of Grand Palmetto Realty LLC.