Cedar Crossing Apartments — Sale in Columbia, SC

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Columbia, SC 29209

Investment Figures

Cap rate
5.55%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present Cedar Crossing Apartments, a 16-unit multifamily community located in Columbia, South Carolina. Built in 1984, the property sits on 1.29 acres approximately 10 minutes from Downtown Columbia, offering convenient access to major employment centers and retail corridors. The community is comprised entirely of two-bedroom, two-bathroom residences, each featuring washer/dryer hookups and individually metered utilities, allowing for efficient operations and reduced operating costs. Cedar Crossing benefits from strong nearby retail options, located within two miles of Target, Whole Foods, Walmart, and a wide array of shopping and dining options. With a desirable 2BD/2BA unit mix, recent capital improvements, and proximity to daily-needs retail, the property is well positioned to capture consistent workforce housing demand in the growing Columbia market. Investment Highlights: • Unit Mix Comprised of 16 Two-Bedroom/Two-Bathroom Units with Washer and Dryer Hookups • Each Unit Is Individually Metered for Water and Electric, Reducing Operating Costs • Convenient Location Near Essential Daily Retail, Major Employers and I-77 • Recently Renovated Interiors and New Roofing

Market Context

This multifamily in Columbia, SC is listed for sale. It is offered at an approximate 5.5% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 100 days. Compare it against other multifamily listings for sale in Columbia, SC — view the full market.

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