Lexington Grand Apartments

Located in the Columbia, SC metropolitan area, the Lexington Grand Apartments is a 64-unit complex that offers great return potential for our investors.  Built in 2010, this affordable housing complex is a mix of large 2BR/2Bath and 3BR/2Bath units that have a wide range of amenities (dishwasher, microwaves, stove, kitchen area, LVP flooring, etc).

Purchased in October of 2023 at an amazing cost basis of $71K/door, this affordable housing complex had average rents around $770 per unit at purchase with the ability to easily increase to closer to $900 per unit in quick fashion.  The property also came with excellent assumable financing terms (1% rate with deferred payments) which allows for both regular cash flow and fast equity gains.