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Bentree Apartments 200 Bentree Ln 132 Unit Apartment Building For Sale Florence, SC 29501
Investment Highlights
- Renovation Targets Remail Below Market Comparables
- $248,748 in Identifiable Annual Revenue Upside
- Prime West Florence Location
- 60 Deluxe Renovations Completed
- 55% of Units Remain for Further Improvement
- $1.6B+ in Committed Employer Investment
Executive Summary
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.
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.
Property Facts
| Sale Type | Investment | Lot Size | 13.25 AC |
| No. Units | 132 | Building Size | 172,446 SF |
| Property Type | Multifamily | Average Occupancy | 93% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1987 |
| Building Class | B | Parking Ratio | 1.31/1,000 SF |
| Zoning | R5 - Residential Zoned District | ||
| Sale Type | Investment |
| No. Units | 132 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 13.25 AC |
| Building Size | 172,446 SF |
| Average Occupancy | 93% |
| No. Stories | 2 |
| Year Built | 1987 |
| Parking Ratio | 1.31/1,000 SF |
| Zoning | R5 - Residential Zoned District |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Storage Space
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- High Speed Internet Access
- Refrigerator
- Wheelchair Accessible (Rooms)
Site Amenities
- 24 Hour Access
- Clubhouse
- Laundry Facilities
- Playground
- Pool
- Property Manager on Site
- Furnished Units Available
- Laundry Service
- Pet Play Area
- Online Services
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 36 | $1,060 | 650 |
| 2+1.5 | 72 | $1,125 | 850 |
| 3+2 | 24 | $1,319 | 1,100 |
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Fairly walkable
50/100
Very drivable
80/100
Limited public transit
20/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 90010-01-014 | Improvements Assessment | $289,337 |
| Land Assessment | $24,380 | Total Assessment | $313,717 |
Property Taxes
Parcel Number
90010-01-014
Land Assessment
$24,380
Improvements Assessment
$289,337
Total Assessment
$313,717
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