Homes for sale - 231 Forest Green Drive, Columbia, SC 29209

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$ 775,000

Est. payment | -/mo

2 Beds

3 Baths

1,296 SqFt

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$ 775,000

Est. payment | -/mo

Save

2 Beds

3 Baths

1,296 SqFt

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

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(803) 413-2858

sfiorini3@gmail.com

121 Executive Center Dr, Columbia, South Carolina, 29210, USA

231 Forest Green Drive Columbia, SC 29209