107 Unit SFR Portfolio for Sale I $ 7% Cap Rate I Florence, SC

[Ramon Garcia]

Opportunity to acquire a $16.9 million, 7% cap rate, 107-unit SFR portfolio in Florence, SC.

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The Florence submarket is expected to maintain consistent occupancy and rent growth at favorable price points. Florence saw a 3.7% increase in job growth from October 2023 to October 2024. This is the highest job growth rate in South Carolina and the seventh highest nationally during that period.

The portfolio highlights are the following:

• 7% cap rate

• Avg. rent per square foot is outperforming Florence, SC market

• 5% vacancy rate

• Possible $9M private financing available