9 Duplex Portfolio Investment Property - Offering Memorandum - Columbia, South Carolina
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9 Duplex Portfolio Investment Property Columbia, South Carolina Offering Memorandum
For Sale
9 Duplex Units
cypresscommercial.com
TABLE OF CONTENTS:
Company Overview 3 PRESENTED BY:
Disclaimer 3 James C. Harrison, III, CCIM
Investment Overview | Property Highlights 4 Senior Investment Broker
803 834.7014 Ext. 1 (o)
Rent Roll 5 803 331.8088 (c)
Proforma 6 jharrison@cypresscommercial.com
Local Map 7
Regional Aerial 8
Local Aerial 9
Local Aerial 10
Columbia, South Carolina 11
Demographics 12-13 ADDRESS:
Cypress Commercial & Investment Real Estate
3101 Devine Street
Columbia, SC 29205
PAGE 2
For Sale
9 Duplex Units
cypresscommercial.com
COMPANY OVERVIEW: DISCLAIMER:
Cypress Real Estate Partners, LLC is an investment real estate brokerage It is the prospective purchaser’s responsibility to conduct its own
firm that exclusively represents buyers and sellers of single-tenant due diligence. The information contained in this brochure does not
income producing properties and shopping centers in the Carolinas and purport to be all-inclusive or to contain all of the information that
southeastern United States. With over 80 years of investment real estate a prospective purchaser may desire. Additional information and an
experience, Cypress has emerged as one of the top boutique investment opportunity to inspect the property will be made available to interested,
real estate firms. Cypress’ brokerage team prides itself on delivering qualified prospective purchasers. Owner and its representatives make
superior client service while offering the most current and advanced no representation or warranty, express or implied, as to the accuracy
marketing techniques in today’s marketplace. Cypress has sold over $850 or completeness of this information, and no legal commitments or
million in investment properties throughout the Carolinas and eastern obligations shall rise by reason of the contents herein. Cypress Real Estate
half of the United States, representing both buyers and sellers in both Partners represents the seller in this transaction.
metropolitan and rural marketplaces.
The owner expressly reserves the right, at its sole discretion, to reject
any or all expressions of interest by any entity at any time with or without
notice. The owner shall have no legal commitment or obligation to any
entity reviewing this information or making an offer to purchase subject
property unless and until a written agreement for the purchase of the
property has been fully executed, delivered and approved by the owner.
PAGE 3
For Sale
9 Duplex Units
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Investment Overview Property Highlights
INVESTMENT HIGHLIGHTS:
• 9 Total duplexes 100% leased portfolio
• 8- 2 bedroom and 1- 3 bedroom
• Located in NE Columbia and West Columbia, SC
• Excellent investment property with strong rental history
• Stable residential markets
• Market rents could be increased over time
• Great long term investment
• Management in place
PROPERT Y HIGHLIGHTS:
Location- West Columbia: 117, 135 and 149 Villa Court, West Columbia, SC
Location- NE Columbia: 130 & 161 Leila Lane and 104, 105, 109 & 132 Springwoods Lake Point, Columbia, SC
Building: 1,880-2,292+/- Rentable SF per Building
Zoning: Residential
Construction: 1982-1984 construction; 3- 1 story and 6- 2 story; HVAC upgrades and new plank flooring in most units
Information: This duplex portfolio offers 9 duplexes, 6 in the growing NE Columbia area and close to Two Notch Road and both I-20 and I-77. The
other 3 duplexes are in the high growth market of Lexington County in West Columbia. All duplexes are 100% leased, are on quiet
streets and in well established neighborhood areas.
PAGE 4
For Sale
9Dollar
Duplex Units
General Current Rent Roll
cypresscommercial.com
(April 2021)
ADDRESS DATE BUILT Total SQ FT BEDROOMS MONTHLY RENTAL ANNUAL RENTAL
130 Leila Ln. Unit A 1984 2,048 2 $750 $9,000
Unit B 2 $660 $7,920
161 Leila Ln. Unit A 1984 2,048 2 $675 $8,100
Unit B 2 $670 $8,040
104 Springwoods Lake Pt. Unit A 1982 2,048 2 $675 $8,100
Unit B 2 $725 $8,700
105 Springwoods Lake Pt. Unit A 1982 2,048 2 $750 $9,000
Unit B 2 $725 $8,700
109 Springwoods Lake Pt. Unit A 1982 2,048 2 $675 $8,100
Unit B 2 $675 $8,100
132 Springwoods Lake Pt. Unit A 1982 2,048 2 $625 $7,500
Unit B 2 $675 $8,100
117 Villa Ct. Unit A 1982 1,880 2 $650 $7,800
Unit B 2 $795 $9,540
135 Villa Ct. Unit A 1982 2,095 2 $710 $8,520
Unit B 2 $650 $7,800
149 Villa Ct. Unit A 1982 2,295 3 $645 $7,740
Unit B 3 $875 $10,500
Total $12,605 Total $151,260
PAGE 5
For Sale
9 Duplex Units
cypresscommercial.com
Proforma
Potential Gross Rental Income $151,260 Adjusted Rental Income $79,219
Security Deposit Forfeit $1,037* Management Fee (8%) ($12,100)
Total Gross Potential Income $152,297 Net Operating Income $67,117
Operating Expenses
Property Taxes ($29,369) SALES PRICE $1,200,000
Insurance ($8,957) CAP RATE 5.59%
Leaseing Fees ($425)* *Based on 2 yr. blend 2019/2020
Admin Fee ($900)*
Pest Control ($175)
Landscape ($7,430)*
Plumbing ($6,228)*
Repairs- general roof, appliances, electric
($5,011)*
& misc.)
Keys & Locks ($131)*
HVAC Repairs ($2,094)*
Water/Sewer/Electric/Gas ($11,486)*
Cleaning ($822)*
Total Operating Expenses $73,078
PAGE 6
For Sale
9 Duplex Units
cypresscommercial.com
Local Map
PAGE 7For Sale
9 Duplex Units
cypresscommercial.com
Regional Aerial
PAGE 8For Sale
9 Duplex Units
cypresscommercial.com
Local Aerial
PAGE 9For Sale
9 Duplex Units
cypresscommercial.com
Local Aerial
PAGE 10For Sale
9Dollar
Duplex Units
General
cypresscommercial.com
cypresscommercial.com
COLUMBIA, SOUTH CAROLINA
Columbia is the state capital and most populated city in South Carolina with an MSA population of roughly 795,000 people. Columbia is the county seat
of Richland County and located in the middle of the state at the junctions of Interstates 20, 77 and 26. The city was built on a strong foundation of state
government (capital), the nation’s largest Army training facility (Fort Jackson) and six major universities, most notably the University of South Carolina (32,000
students). Columbia is nationally ranked among the top five cities for highway connectivity with immediate access to I-77, I-26, I-20 and is a short drive from
I-95. This provides convenient access to all of the bigger markets surrounding Columbia such as Charlotte, Charleston, Augusta, Atlanta, Greenville and more.
PAGE 11For Sale
9 Duplex Units
cypresscommercial.com
Villa Ct.-Demographics
POPULATION 1 mile 3 miles 5 miles
2025 Projection 4,058 29,120 84,513
2020 Population 3,693 27,007 78,624
2010 Population 3,209 23,272 68,209
2000 Population 2,636 20,684 58,412
Growth 2000-2010 1.99% 1.19% 1.56%
Growth 2010-2020 1.38% 1.46% 1.40%
Growth 2020-2025 1.90% 1.52% 1.46%
HOUSEHOLDS
2020 Total Households 1,423 10,430 31,669
2025 Projected Total Households 1,560 11,214 33,952
2000-2010 Annual Rate 2.24% 1.38% 1.76%
2010-2020 Annual Rate 1.37% 1.39% 1.32%
2020-2025 Annual Rate 1.86% 1.46% 1.40%
2020 Median Household Income $63,407 $59,230 $56,083
2020 Average Household Income $70,305 $70,378 $69,656
PAGE 12For Sale
9 Duplex Units
cypresscommercial.com
Springwoods Lake & Leila Ln.-Demographics
POPULATION 1 mile 3 miles 5 miles
2025 Projection 8,538 48,776 123,952
2020 Population 8,184 46,652 118,309
2010 Population 7,762 43,249 109,247
2000 Population 6,404 41,617 100,389
Growth 2000-2010 1.94% 0.39% 0.85%
Growth 2010-2020 0.52% 0.74% 0.78%
Growth 2020-2025 0.85% 0.89% 0.94%
HOUSEHOLDS
2020 Total Households 3,665 18,948 43,923
2025 Projected Total Households 3,817 19,809 46,191
2000-2010 Annual Rate 2.35% 1.04% 1.01%
2010-2020 Annual Rate 0.45% 0.69% 0.80%
2020-2025 Annual Rate 0.82% 0.89% 1.01%
2020 Median Household Income $41,834 $47,529 $51,236
2020 Average Household Income $50,361 $62,515 $71,896
PAGE 13cypresscommercial.com
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