About NOMA Flats
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 34-unit NOMA Flats apartment community located in Columbia, SC. The asset is located in a strategic location near downtown in the historic Elmwood Park neighborhood, an area that has seen a surge in new development and businesses. The property offers walkability to numerous retail and restaurant offerings and is located in the Northeast Columbia submarket, which leads Columbia in effective rent growth and occupancy. With its location and upgraded interiors, NOMA Flats is poised to appeal to residents looking to live in a walkable area near downtown Columbia. Additionally, with limited comparable supply in the downtown area, the asset presents a market-supported organic rent growth opportunity as leases expire and are brought up to market levels, offering 58% in NOI growth.