Viewing Listing MLS# 606350
Florence, SC 29506
- 2Beds
- 5Full Baths
- N/AHalf Baths
- 14,576SqFt
- 1991Year Built
- 1.35Acres
- MLS# 606350
- Multifamily
- Duplex
- Active
- Approx Time on Market1 month, 9 days
- AreaAll Others Sc Counties
- CountyFlorence
- Subdivision None
Overview
**Investment Opportunity -Charming Duplex Apartment Complex in Florence, SC**Discover an exceptional investment opportunity with this well-maintained apartment complex featuring 8 spacious duplexes, each designed for comfortable living. Located in the heart of Florence, SC, this property is an investor's dream, offering significant cash flow potential and strong returns.Each duplex consists of 2 bedrooms and 1 bath, thoughtfully designed to maximize space and functionality. Residents will enjoy a welcoming kitchen and cozy living room, perfect for both relaxation and entertaining. The layout appeals to a diverse tenant base, ensuring consistent occupancy and steady rental income.Currently, the complex boasts a remarkable net income of approximately **$119,760**, a substantial increase from its previous gross annual income of **$91,355**. This impressive growth reflects the propertys desirability and effective management strategies. With a cap rate of **7%**, this investment presents an attractive opportunity for both seasoned investors and those looking to expand their real estate portfolio.In addition to the duplex complex, the seller is offering three single-family homes in the Florence area, which can be included with this portfolio. All units and homes are **100% occupied**, providing immediate cash flow and further enhancing the investment's appeal.Contact us today to learn more about this exciting opportunity! (803) 319-7776 Disclaimer: CMLS has not reviewed and, the
Amenities / Special Info
Trash: Owner
Bathroom Info
Total Baths: 5.00
Fullbaths: 5
Building Info
Foundation: Slab
Year Built: 1991
Stories: 1
Exterior Features
Exterior Finish: Vinyl
Pool: None
Financial
Available Financing: Cash, Conventional
Foreclosure: No
Rollback Tax: Yes
Garage / Parking
Parking Spaces: 32
Parking: Unassigned
Lot Info
Acres: 1.35
Road Type: Paved
Lawn: Owner
Misc
Security: None
Shortsale: No
Pest Control: Owner
Other School Info
Property Info
New Resale: Resale
Class Type: Duplex
Power On: Yes
County: Florence
Sale / Lease Info
Sqft Info
Sqft: 14,576
Unit 1
Unit Rent: 800
Unit 1 Info
Unit of Rooms: 4
Unit of Full Baths: 1
Unit 2
Unit Rent: 630
Unit 2 Info
Unit of Full Baths: 1
Unit 3
Unit Rent: 750
Unit 3 Info
Unit of Full Baths: 1
Unit of Rooms: 4
Unit 4
Unit Rent: 800
Unit 4 Info
Unit of Rooms: 4
Unit of Full Baths: 1
Unit 5
Unit Rent: 800
Unit 5 Info
Unit of Full Baths: 1
Unit of Rooms: 4
Unit Info
Total Units: 16
Unit Bedrooms: 2
Unit Bedrooms: 2
Unit of Rooms: 4
Unit Bedrooms: 2
Beds: 2
Unit Bedrooms: 2
Utilities / Hvac
Cable: Tenant
Water: Publ
Cooling: Central
Water: Owner
Gas: Tenant
Heating: Central
Heating: Tena
Sewer: Public
Sewer: Tena
Electric: Tenant
Schools
Elem: Florence County Elementary Schoo
Middle: Florence County Middle Schools
High: Florence County High Schools
District: Florence County
Courtesy of Sm Realty & Associates Llc