$775,000
231 Forest Green Drive
Columbia, SC 29209
About This Property
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.
COL MLS # 625478
Quick Facts
Time on Site
2 months ago
Property Type
Residential
Year Built
2007
Price/Sq.Ft.
$598
Property Details
Schools
Features & Amenities
Location & Map
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Additional Information
Laundry
Lot & Land
Room Details
- Pantry
- Counter Tops-Solid Surfac
- Cabinets-Painted
- Area
- Floors - Carpet
Primary Suite
- Bath-Private
- Tub-Shower
- Ceiling Fan
- Closet-Private
- Floors - Carpet
Interior Details
- Dishwasher
- Disposal
- Microwave Above Stove
Exterior Features
H O A & Association
- Common Area Maintenance
- Pool
Property Overview
Utilities & Systems
Listing Agent Information
Details provided by Consolidated MLS and may not match the public record. Learn more. The information is being provided by Consolidated Multiple Listing Service, Inc. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. © 2025 Consolidated Multiple Listing Service, Inc. All Rights Reserved.
