843-327-8413
200 Bentree Ln, Florence, SC for Sale
Apartments - FOR SALE
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200 Bentree Ln
Florence, SC 29501


HIGHLIGHTS

  • Renovation Targets Remail Below Market Comparables.
  • 60 Deluxe Renovations Completed.
  • $248,748 in Identifiable Annual Revenue Upside.
  • 55% of Units Remain for Further Improvement.
  • Prime West Florence Location.
  • $1.6B+ in Committed Employer Investment.

OVERVIEW

PROPERTY WEBSITE & DATA ROOM: https://www.alinecapital.com/properties/?propertyId=1666674-sale Aline Capital is pleased to present the exclusive listing of Bentree Apartments, a 132-unit multifamily community located on 13.25 acres at 200 Bentree Lane in Florence, South Carolina. Bentree provides investors with the opportunity to acquire a well-located, established apartment community at rents that remain among the lowest in its competitive set. The property currently averages approximately $1,081 per unit and offers one-, two- and three-bedroom floorplans averaging 841 square feet. The investment is anchored by a proven and partially completed renovation program. Ownership has already upgraded 60 units to the deluxe scope, establishing an average in-place premium of approximately $95 per month over classic units. An additional 40 classic and 32 partially renovated units remain available for further improvement, representing approximately 55% of the property. Bringing these 72 units to the deluxe scope is projected to generate approximately $164,448 in additional annual revenue. A further approximately $84,300 may be captured by bringing the existing deluxe units to targeted rents upon renewal, resulting in approximately $248,748 of total annual revenue upside across the community. Bentree’s location strengthens the investment thesis. The property is positioned near Florence’s primary retail corridor, minutes from I-95 and I-20, and near the planned Palmetto Place development, which will introduce Florence’s first Publix. The surrounding market also benefits from continued healthcare, distribution and advanced manufacturing investment, including AESC’s approximately $1.6 billion electric-vehicle battery facility and projected 1,600 new jobs. With limited nearby multifamily development, strong resident incomes and significant separation between current rents and both renovation targets and surrounding market rents, Bentree offers a compelling combination of stable in-place operations, identifiable revenue growth and a renovation strategy that has already been implemented at the property.

FOR SALE DETAILS

PRICE

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# OF UNITS

132

CAP RATE

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% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bentree Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1987

PARKING SPACES

227

LAND DETAILS

LAND ACRES

13.25 AC

LAND SF

577,170 SF

ZONING

R5

APN/PARCEL ID

90010-01-014

ASK ABOUT THIS PROPERTY

Jonathan KesslerAline CapitalMore Info
843-327-8413

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Jonathan KesslerAline CapitalMore Info
843-327-8413

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.