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816 Shull St 4 Unit Apartment Building $1,918,574 CAD ($479,643 CAD/Unit) 6.15% Cap Rate West Columbia, SC 29169
Investment Highlights
- All new construction- Four townhome style units approx 2.3 miles to USC campus
- Extremely high quality finishes
- 1090% Leased - All 12 bedrooms have their own private baths.
Executive Summary
This brand new quality built quadraplex was just completed in 2025. It offers four townhome style units with a total of 12 Bedrooms,12 Baths, approx 4,800 sq ft and already leased til summer 2027 at $123,250/yr (includes a $3,250/yr admin fee). Total gross rents of $10,000 per month starting this summer til summer 2027. All units are separately metered and tenants pay all utilities. Custom built and designed in 2025 with extremely attractive finishes and decor. The large living areas have high ceilings, charcoal stained concrete flooring all opening to the kitchens which have all new stainless steel appliances and black solid stone counter tops. All bedrooms have their own private full baths with huge closets. Nothing has been spared: Tankless hot water heaters, Ring camera systems, washer/dryer in each unit, tons of outdoor space (including 12 off street parking places) a huge rec area with a covered cave for tenants to enjoy while streaming football games.
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$164,449
|
$34.26
|
| Other Income |
$4,454
|
$0.93
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$168,903
|
$35.19
|
| Taxes |
$31,245
|
$6.51
|
| Operating Expenses |
$18,363
|
$3.83
|
| Total Expenses |
$49,609
|
$10.34
|
| Net Operating Income |
$119,294
|
$24.85
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $164,449 |
| Annual Per SF | $34.26 |
| Other Income (CAD) | |
|---|---|
| Annual | $4,454 |
| Annual Per SF | $0.93 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $168,903 |
| Annual Per SF | $35.19 |
| Taxes (CAD) | |
|---|---|
| Annual | $31,245 |
| Annual Per SF | $6.51 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $18,363 |
| Annual Per SF | $3.83 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $49,609 |
| Annual Per SF | $10.34 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $119,294 |
| Annual Per SF | $24.85 |
Property Facts
| Price | $1,918,574 CAD | Building Class | B |
| Price Per Unit | $479,643 CAD | Lot Size | 0.33 AC |
| Sale Type | Investment | Building Size | 4,800 SF |
| Cap Rate | 6.15% | Average Occupancy | 100% |
| Sale Condition | 1031 Exchange | No. Stories | 2 |
| No. Units | 4 | Year Built | 2025 |
| Property Type | Multifamily | Parking Ratio | 2.5/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Townhome | ||
| Zoning | multifamily - Multifamily | ||
| Price | $1,918,574 CAD |
| Price Per Unit | $479,643 CAD |
| Sale Type | Investment |
| Cap Rate | 6.15% |
| Sale Condition | 1031 Exchange |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 0.33 AC |
| Building Size | 4,800 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2025 |
| Parking Ratio | 2.5/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | multifamily - Multifamily |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Washer/Dryer
- Heating
- Tile Floors
- Eat-in Kitchen
- Kitchen
- Granite Countertops
- Refrigerator
- Stainless Steel Appliances
- Range
- Tub/Shower
- Walk-In Closets
- Yard
- Instant Hot Water
- Island Kitchen
- Lawn
- Patio
- Porch
- Large Bedrooms
- Quartz Countertops
Site Amenities
- Laundry Facilities
- Picnic Area
- Smoke Free
- Trash Pickup - Curbside
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+3 | 4 | - | 1,200 |
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
20/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 004657-10-005 | Total Assessment | $5,468 CAD (2024) |
| Land Assessment | $5,468 CAD (2024) | Annual Taxes | $31,245 CAD ($6.51 CAD/SF) |
| Improvements Assessment | $0 CAD (2024) | Tax Year | 2026 Payable 2026 |
Property Taxes
Parcel Number
004657-10-005
Land Assessment
$5,468 CAD (2024)
Improvements Assessment
$0 CAD (2024)
Total Assessment
$5,468 CAD (2024)
Annual Taxes
$31,245 CAD ($6.51 CAD/SF)
Tax Year
2026 Payable 2026
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816 Shull St
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