2226 Woodridge Ln - Apartments FOR SALE


Florence, SC 29501
$16,900,000 USD
678-781-2916
2226 Woodridge Ln, Florence, SC for Sale
$16,900,000 USD
Apartments - FOR SALE
1/12
null | 6.96% Cap Rate

2226 Woodridge Ln
Florence, SC 29501


HIGHLIGHTS

  • 107-unit portfolio consisting of single family, duplex and townhome units
  • 2BR/1BA, 2BR/2BA, 3BR/3BA and 4BR/3BA units
  • 30 single family homes, 34 townhomes, 10 duplexes (20 units), 1 triplex (3 units) and 20 condos
  • All properties in this portfolio are within 10 miles of each other. All utilities paid by the tenant.
  • Possible 9 million private first mortgage financing at 7% and a 30-year amortization.
  • Good property management in place. South Carolina License #:13327

OVERVIEW

Bull Realty is pleased to present this, 107-unit portfolio that consist of single family, duplex and townhome units located in Florence, South Carolina. These residences include a diverse mix of 2BR/1BA, 2BR/2BA, 3BR/3BA and 4BR/3BA units. The portfolio consist of 30 single family homes, 34 townhomes, 10 duplexes (20 units), 1 triplex (3 units) and 20 condos. This portfolio of properties is well maintained and has had renovations as recently as 2024. The city of Florence is a rapidly growing city and is located directly off of I-20 East, one of the largest highways in the Southeast. The population within a 1-mile radius is 5,417 and has an average household income of $66,416. The properties are located in proximity to the Florence Regional Airport, along with multiple restaurants and shopping options. The properties are located within a few miles from hospitals in Florence county including McLeod Regional Medical Center, Regency Hospital and MUSC Health Medical Center. Florence county boast multiple schools, including McLaurin Elementary School, Southside Middle School and South Florence High School.

FOR SALE DETAILS

PRICE

$16,900,000 USD

PRICE/SF

$121 USD /SF

# OF UNITS

107

PRICE/UNIT

$157,944

CAP RATE

6.96%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

107 Units- Single-Family, Townhouse & Duplex

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.89 AC

LAND SF

38,768 SF

ZONING

Residential

APN/PARCEL ID

90016-02-004,90016-02-013,90016-02-017,90016-02-018,90016-02-019

ASK ABOUT THIS PROPERTY

Ramon Garcia MoralesBull Realty Inc.More Info
678-781-2916

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Ramon Garcia MoralesBull Realty Inc.More Info
678-781-2916

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