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Howell Court Apartments 3032 Howell Ct 28 Unit Apartment Building $1,982,484 CAD ($70,803 CAD/Unit) 7.43% Cap Rate Columbia, SC 29203
Investment Highlights
- The Property Consists of 11 Buildings, Offering Scale and Efficiency for Investors
- Columbia’s Rapid Job Expansion and Relative Affordability Make the Area Highly Attractive to Residents
- Conveniently Located Near I-26, I-20, and I-77, Providing Seamless Regional Connectivity
- Units are Well-Maintained and Positioned for an Interior Upgrade Program to Capture Rental Upside
- A Steadily Increasing Population Continues to Drive Demand for Quality, Affordable Housing
Executive Summary
Marcus & Millichap is pleased to present Howell Court Apartments, an 11-building community located at 3032 Howell Court in Columbia, South Carolina. The property offers investors the opportunity to capitalize on Columbia’s strong demand for affordable, high-quality housing. Current ownership has invested $5,000–$6,000 per unit in renovations since 2023, including updated flooring, kitchen cabinets, countertops, appliances, bathroom vanities, and modern fixtures throughout. These upgrades enhance the community’s appeal and position it to capture higher rental rates in a supply-constrained market. Tenants are responsible for electricity and billed back for water at a flat rate, minimizing operating expenses.
Columbia, the state capital and second-largest city, is home to over 144,000 residents and continues to attract new growth due to its affordability and central location in the Midlands. Major employers such as BlueCross BlueShield of South Carolina, Prisma Health, and Fort Jackson provide economic stability and thousands of jobs, while the University of South Carolina contributes to a highly educated workforce of over 40,000 students. Residents of Howell Court benefit from proximity to key employment hubs, retail destinations, and recreational amenities, as well as excellent connectivity via I-26, I-20, and I-77 to the broader Columbia metropolitan area.
Columbia, the state capital and second-largest city, is home to over 144,000 residents and continues to attract new growth due to its affordability and central location in the Midlands. Major employers such as BlueCross BlueShield of South Carolina, Prisma Health, and Fort Jackson provide economic stability and thousands of jobs, while the University of South Carolina contributes to a highly educated workforce of over 40,000 students. Residents of Howell Court benefit from proximity to key employment hubs, retail destinations, and recreational amenities, as well as excellent connectivity via I-26, I-20, and I-77 to the broader Columbia metropolitan area.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $1,982,484 CAD | Building Class | C |
| Price Per Unit | $70,803 CAD | Lot Size | 1.66 AC |
| Sale Type | Investment | Building Size | 19,600 SF |
| Cap Rate | 7.43% | Average Occupancy | 93% |
| No. Units | 28 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1965 |
| Property Subtype | Apartment | Parking Ratio | 1.79/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | RG-2 | ||
| Price | $1,982,484 CAD |
| Price Per Unit | $70,803 CAD |
| Sale Type | Investment |
| Cap Rate | 7.43% |
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.66 AC |
| Building Size | 19,600 SF |
| Average Occupancy | 93% |
| No. Stories | 1 |
| Year Built | 1965 |
| Parking Ratio | 1.79/1,000 SF |
| Zoning | RG-2 |
Amenities
Unit Amenities
- Microwave
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Smoke Free
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Gas Range
- Smoke Free
- Online Services
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 28 | - | 700 |
1 1
Property Taxes
| Parcel Number | 11507-04-01 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $444,630 CAD |
Property Taxes
Parcel Number
11507-04-01
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$444,630 CAD
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Howell Court Apartments | 3032 Howell Ct
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