231 Forest Green
Columbia, SC 29209

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Description

Four-unit investment opportunity within the same established complex, with immediate cash flow and clear upside. This small multifamily portfolio consists of four separate residences generating $82,560 in current annual gross income, with room to grow as rents continue to move toward market. A 10 pct. rent increase drives NOI to approximately $53,800, resulting in a ~6.9 pct. cap rate at the current asking price — with additional upside through continued rent normalization.The asset is professionally managed with conservative underwriting assumptions: 8 pct. management, realistic vacancy, modest repairs, and assumed taxes and insurance. Operations are straightforward and predictable, making this an efficient hold without the complexity of larger multifamily or scattered-site management.This portfolio is particularly well-suited for a 1031 exchange buyer seeking a clean replacement property with dependable income, manageable scale, and a clear path to improved returns. Stable day-one performance, upside over time, and the kind of certainty exchange buyers prioritize. Disclaimer: CMLS has not reviewed and, therefore, does not endorse vendors who may appear in listings.

Features

• Property Type: Townhouse
• Sub Type: Townhouse
• Listing Status: Active
• County/Area: Richland County
• Zip Code: 29209
• Year Built: 2007
• Subdivision/Neighborhood: Hampton Forest
• School District: Richland One
• Elementary School: Meadowfield
• Middle School: Hand
• High School: Dreher
• Sq.Ft.: 1,296 sq ft
• Style: Traditional
• Stories: 2-Story
• Bedrooms: 2
• Full Baths: 2
• Half Baths: 1
• Basement: No Basement
• # of Parking Spaces: 2
• Baths: 3
• 2nd Bedroom: Bath-Private, Separate Shower, Ceiling Fan, Closet-Private, Floors - Carpet
• Assoc Fee Includes: Common Area Maintenance, Pool
• Baths Combo: 2/1
• Cooling: Central
• Directions: Hampton Forest Off Garners Ferry Road
• Equipment: Dishwasher, Disposal, Microwave Above Stove
• Exterior: Front Porch - Covered
• Exterior Finish: Fiber Cement-Hardy Plank
• Formal Dining Room: Area, Floors - Carpet
• Foundation: Slab
• Full Baths: 2nd: 2
• HOA Fee: 221
• HOA Frequency: Monthly
• HOA Y/N: Yes
• Half Baths: Main: 1
• Heating: Central
• Kitchen: Pantry, Counter Tops-Solid Surfac, Cabinets-Painted
• Laundry: Closet
• Level: Bedroom 2: Second
• Level: Formal Dining Room: Main
• Level: Kitchen: Main
• Level: Living Room: Main
• Level: Master Bedroom: Second
• Level: Washer Dryer: Second
• Living Room: Floors - Carpet
• Master Bedroom: Bath-Private, Tub-Shower, Ceiling Fan, Closet-Private, Floors - Carpet
• New/Resale: Resale
• Road Type: Paved
• Sewer: Public
• Total Heated Sqft: 1296
• Water: Public