600-604 Warley St., Florence, SC

Multi-family for Sale - $785,000 - 8,520 Sq. Ft.


Agent Info

Ross McMillan
Coldwell Banker McMillan and Associates

Property Info

CIMLS#1170686
Location
  600-604 Warley St.
  Florence SC 29501
UpdatedJanuary 25th, 2025
TypeMulti-family
Price$785,000
Building8,520 Sq. Ft.

Property Description

Investment Opportunity: Palmetto Place Apartments – 600 Warley Street, Florence, SC

Presenting an excellent investment opportunity at Palmetto Place Apartments, located at 600 Warley Street, Florence. This property consists of two well-maintained buildings, each with 4,260 square feet of space, providing a total of eight (8) units.

Each unit features:

Two spacious bedrooms One full bathroom Fully-equipped kitchen Open living area Hardwood flooring throughout Stove/oven, refrigerator, washer, dryer, and dishwasher Seven (7) of the eight units are currently leased, generating consistent rental income. The property generates an annual income of $76,000, with significant potential for increased returns through strategic upgrades and improvements.

The parking area is securely fenced with an electric gate, ensuring tenant safety and privacy. Located in a quiet, up-and-coming area of Florence, this is a promising opportunity for both immediate income and long-term growth.

Don’t miss out on this exceptional investment opportunity in a growing market!


Financials