1401 Allies CtFlorence, SC 29506

Property Details for 1401 Allies Ct

Year built

2012

Property size (Sq ft)

44,028 SF

Property type

Investment properties

Property subtype

Multifamily properties

Description

This exceptional 38-unit multifamily investment opportunity, located at 1401-1435 Allies Court in Florence, South Carolina, presents a compelling proposition for discerning investors. Comprising 38 spacious townhomes totaling 44,028 square feet, this 2012-built community offers a blend of high-end finishes, private parking, and individual backyards. Each building is a duplex, ensuring a manageable and potentially efficient operational structure. The property is situated in a tranquil neighborhood featuring attractive landscaping and a community fishing pond, enhancing its appeal to residents. Its strategic location provides convenient access to Florence Regional Airport, two major hospitals, and the vibrant dining and shopping experiences of Downtown Florence. The strong demographics further solidify this investment's potential: a population of 34,000 within a 3-mile radius and a median household income significantly exceeding the national average. With a 6.39% cap rate and a Net Operating Income (NOI) of $287,550, this portfolio offers a substantial return on investment. The asking price is $4,500,000. This property represents a rare opportunity to acquire a high-quality, well-located multifamily asset in a thriving South Carolina market. The property's strong occupancy rates and high-end finishes contribute to its consistent cash flow and long-term value appreciation potential. This is an ideal investment for those seeking a stable and profitable addition to their portfolio.

Location Insight

City

Florence

County

Florence

State

South Carolina

Latitude

34.1712

Longitude

-79.73

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