231 Forest Green Drive | Columbia | $775,000

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231 Forest Green Drive Columbia, SC 29209 $775,000

2 BEDS

2.5 BATHS

1,296 SQ. FT.

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231 Forest Green Drive Columbia, SC 29209

For SALE Townhouse ACTIVE

$775,000

EST. 1,950.86/MO CALCULATE

2 BEDS

2.5 BATHS

1,296 SQ. FT.

Property 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.

Property Details

MLS ID625478
Property TypeResidential - Townhouse
Lot Dimensions0 Acre(s)
Lot Size0 Acre(s)
Stories2.0

Listed By / Shown By

Listed By

Agency Name: The Moore Company

Columbia SC MLS

Shown By

Agency Title: Carolina One Real Estate
Agency Phone: (843) 203-5016

Columbia SC MLS

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Location 231 Forest Green Drive

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