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t r a n s l a t e

Single Family & Duplex Portfolio | 108 Units | Florence, SC

Florence
Florence, SC 29501
PRICE : Contact Bull Realty for information
CAP RATE: 6%
PROPERTY TYPE: Multifamily
UNITS: 108
YEAR BUILT: 1990

Highlights

  • Possible owner financing to qualified buyers
  • Good property management in place
  • 108-unit portfolio consisting of single family, duplex and townhome units
  • 2BR/1BA, 2BR/2BA, 3BR/3BA and 4BR/3BA units
  • 38 single family rentals, 23 duplexes (46 units), 1 triplex and 18 condos
  • All properties in this portfolio are within 10 miles of each other
  • All utilities paid by the tenant
  • Landlord expenses are minimal
  • Bull Realty South Carolina License #13327

Description

Bull Realty is pleased to present this, 108-unit portfolio that consist of single family, duplex and townhome units located in Florence, South Carolina. These units are a diverse mix of 2BR/1BA, 2BR/2BA, 3BR/3BA and 4BR/3BA units. The portfolio consist of 38 single family rentals, 23 Duplexes (46 units), 1 triplex and 18 condos. This portfolio of properties is consistently maintained and has had renovations as recently as 2023. All units are currently leased, and historically, these units are seldom unoccupied.

The city of Florence is a rapidly growing city and is located directly off of I-20 East, one of the largest highways in the Southeast. The population within a 1-mile radius is 7,519 and has an average household income of $96,160, which is above the national average household income.

The properties are located in proximity to the Florence Regional Airport, along with multiple restaurants and shopping options. The properties are located within a few miles from hospitals in Florence county including McLeod Regional Medical Center, Regency Hospital and MUSC Health Medical Center. Florence county boast multiple schools, including McLaurin Elementary School, Southside Middle School and South Florence High School.

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