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$1,644,000

Status: For Sale

  • 1/14
Property type: Duplex
Year built: 1991
List Date: 2025-04-13
Lot Size: 1.3500 acres
Area
14576 ft2
Full Baths
5
Days For Sale
12

Location

Amenities

  • 1
  • 32
  • Central
  • Public
  • Slab

Description

**Investment Opportunity -Charming Duplex Apartment Complex in Florence, SC**Discover an exceptional investment opportunity with this well-maintained apartment complex featuring 16 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 property’s 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

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Schools

3-5 SPED Schools in 29506

Name
Address
Phone
Type
Grade
3501 East Palmetto Street
8436648459
Public
3-5 SPED
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James Schiller

Realtor, Brand Name Real Estate

Happy Clients

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    803-400-2299

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    Listing Provided by SM Realty & Associates LLC

    200 Hudson, Florence, SC 29506
    MLS #29506
    $1,644,000
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