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$775,000

Est. payment - /mo

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2 Beds

3 Baths

1,296 SqFt

New

231 Forest Green Drive Columbia, SC 29209

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Key Details

Property Type Townhouse

Sub Type Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 1,296 sqft

Price per Sqft $597

Subdivision Hampton Forest

MLS Listing ID 625478

Style Traditional

Bedrooms 2

Full Baths 2

Half Baths 1

Construction Status Resale

HOA Fees $221/mo

Year Built 2007

Property Sub-Type Townhouse

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.

Location

State SC

County Richland

Area Columbia - Southeast

Rooms

Primary Bedroom Level Second

Master Bedroom Bath-Private, Tub-Shower, Ceiling Fan, Closet-Private, Floors - Carpet

Bedroom 2 Second Bath-Private, Separate Shower, Ceiling Fan, Closet-Private, Floors - Carpet

Dining Room Main Area, Floors - Carpet

Kitchen Main Pantry, Counter Tops-Solid Surfac, Cabinets-Painted

Interior

Heating Central

Cooling Central

Equipment Dishwasher, Disposal, Microwave Above Stove

Laundry Closet

Exterior

Exterior Feature Front Porch - Covered

Parking Features None

Street Surface Paved

Building

Story 2

Foundation Slab

Sewer Public

Water Public

Structure Type Fiber Cement-Hardy Plank

Construction Status Resale

Schools

Elementary Schools Meadowfield

Middle Schools Hand

High Schools Dreher

School District Richland One

Listed by The Moore Company

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES

Elementary Schools 16

8

South Kilbourne Elementary School

Public | PK - 5
7

Rosewood Elementary School

Public | PK - 5
6

Brennen Elementary School

Public | PK - 5
5

Mill Creek Elementary School

Public | PK - 5
4

Meadowfield Elementary School

Public | PK - 5
4

Caughman Road Elementary School

Public | PK - 5
3

Annie Burnside Elementary School

Public | PK - 5
0

Eastminster Day School

Private | PK - KG
0

Shandon United Methodist Preschool & Kindergarten

Private | KG - KG
0

St Joseph School

Private | PK - 6
0

Kilbourne Park Baptist

Private | PK - KG
0

Hammond School

Private | PK - 12
0

Asbury Kindergarten & Preschool

Private | PK - KG
0

Charles Coteworths Pinckney Elementary School

Public | 2 - 6
0

Pierce Terrace Elementary School

Public | PK - 1
0

Sandhills School

Private | 1 - 11

High Schools 2

4

Dreher High School

Public | 9 - 12
0

Richland One Charter Middle College

Public | 11 - 12

School and business data provided by Attom Data.

GET MORE INFORMATION

Alisha Giles

Agent | License ID: 104607

+1(770) 688-5905