Allies Court Townhomes | 38 Units | 100% Occupancy | 5.7% Cap Rate
1401-1435 Allies Court
Florence, SC 29506
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| PRICE : | $4,999,000 |
|---|---|
| CAP RATE: | 5.7% |
| PROPERTY TYPE: | Multifamily |
| UNITS: | 38 |
| YEAR BUILT: | 2012 |
Highlights
- • 38-unit townhome community in Florence, SC
- • Historically strong, 100% occupancy with low turnover time
- • Below-market rents allow for upside potential
- • Recently constructed in 2012
- • Amenities include tile floors, granite countertops and off-street parking for all units
- • Water is separately metered
- • Easy access to schools, retail, hospitals and the regional airport
- • Within 2 miles of Downtown Florence
- • Michael Bull of Bull Realty, SC License #57796
Description
The property consists of 38 individual townhomes that sit within 2 miles of Downtown Florence, South Carolina. Built in 2012, the property has historically been 100% occupied with very little turnover time. Each home consists of granite countertops, private parking pads, brushed nickel hardware and tile floors.
The property is located just minutes from Florence Regional Airport, two separate hospitals, and many restaurants and shopping options. The property is also in close proximity to multiple schools, and is walking distance to McLaurin Elementary School, Vitrus Academy and Florence Public Schools.
