Great investment opportunity for 5 duplex residential buildings in Florence! All 10 units are currently occupied and situated on a 1.42 acre parcel in the City of Florence. Units are perfect for both long-term unfurnished and short-term to mid-term furnished rentals. Each unit is 2 bedrooms, 1 bath with 981 sq ft of living space including kitchen, living room, a dining area, laundry hook-ups inside the unit and a separate outdoor storage space. An owner's storage shed is located at the back of the parcel allowing for storing repair materials or appliances. This property is a 3 minute drive to the Medical University of South Carolina, a 13 minute drive to Francis Marion University, and a 10 minute drive to Downtown Florence which houses the FDTC Health-Science Campus, McLeod Regional Medical Center, and a thriving destination for local restaurants and shopping. Reach out today for more info on this immediate cash-flow opportunity!
All brick duplex well maintained advantageous location. Couple of minutes away from new construction community currently under construction. Eight minutes away from MUSC Health Florence Medical Center. Current rental market suggest new owner could adjust rents to increase cap rate!! Also for sale 3108,3116,3124,3132,3140 Plantation Dr.
The median home value in Florence, SC is $197,600. This is higher than the county median home value of $173,900. The national median home value is $338,100. The average price of homes sold in Florence, SC is $197,600. Approximately 50.19% of Florence homes are owned, compared to 36.13% rented, while 13.68% are vacant. Florence real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Florence real estate agent to arrange a tour today!
Florence, South Carolina 29505 has a population of 39,816. Florence 29505 is less family-centric than the surrounding county with 25.88% of the households containing married families with children. The county average for households married with children is 26.6%.
The median household income in Florence, South Carolina 29505 is $52,425. The median household income for the surrounding county is $51,902 compared to the national median of $69,021. The median age of people living in Florence 29505 is 39.2 years.
The average high temperature in July is 91.7 degrees, with an average low temperature in January of 33.2 degrees. The average rainfall is approximately 45.2 inches per year, with 0.8 inches of snow per year.