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805 W Darlington St
Florence, SC 29501
Wyndam Place - Auction Feb 12 to Feb 14 · Multifamily Property For Sale
·
48 Units
PROPERTY FACTS
| No. Units | 48 | Building Size | 36,000 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built | 1950 |
| Building Class | C | Parking Ratio | 3.16/1,000 SF |
| Lot Size | 4.05 AC | ||
| Zoning | R1 - Residential | ||
| No. Units | 48 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 4.05 AC |
| Building Size | 36,000 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1950 |
| Parking Ratio | 3.16/1,000 SF |
| Zoning | R1 - Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Range
- Tub/Shower
- Window Coverings
SITE AMENITIES
- Laundry Facilities
ABOUT 805 W DARLINGTON ST , FLORENCE, SC 29501
Property tours are available by appointment ONLY. Please contact John Bergin to schedule at john@waterstonemfg.com or 704-804-3342. Investment Highlights: 48-unit, ±36,000 SF, garden apartments in Florence, SC ±79% occupied with strong historical occupancy and future value-add through rental rate increases Extensive CapEx already completed including new roofs, new windows, and 70% new HVACs Located within the Myrtle Beach-Florence, SC-NC Designated Market Area (DMA) Conveniently situated near numerous shopping, dining, and other recreational attractions Location allows for easy access to Interstate-95 and Interstate-20 Dense demographics with 2017 population of ñ 68,072 and Avg HH Income of ñ $61,706 within a 5-mile radius Investment Overview: Wyndham Place Apartments is a 48-unit, low-rise garden apartment complex, located at 805 W. Darlington Street in Florence, SC. Wyndham Place Apartments offers investors an excellent opportunity to acquire a multifamily asset positioned in the heart of Florence with significant value add through lease up and market rate increases. Wyndham Place Apartments are currently 79% occupied and contain 48 apartments with Wyndham Place Apartments are currently 79% occupied and contain 48 apartments with a total of ±36,000 rentable SF. Built in 1950, the Property offers 11, one-story, buildings containing all 2-Bedroom/1-Bathroom units. The Property was recently renovated in 2016 and some recent renovations featuring brand new roofs, new windows, and 70% new HVACs. The Property is positioned on a ±4.05 AC parcel and offers surface parking spaces with community amenities including a laundry facility. The city of Florence is one of the major cities in South Carolina and is a major hub, both for industry and infrastructure, while establishing itself as a regional center for business, medicine, culture and finance. Florence is located at the intersection of Interstate-95 and Interstate-20, is the seventh largest city in South Carolina and is a strategically-located center for Eastern Seaboard distribution and manufacturing (Honda, QVC distribution), as well as a strong presence in the medical and pharmaceutical industries. The City is approximately 80 miles Northeast of Columbia, SC; 100 miles North of Charleston, SC; 90 miles South of Fayetteville, NC; and about 70 miles West of Myrtle
PROPERTY TAXES
| Parcel Number | 90060-12-009 | Improvements Assessment | $120,566 |
| Land Assessment | $12,000 | Total Assessment | $132,566 |
PROPERTY TAXES
