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Palmetto Place Apartments

$785,000

600-604 Warley St., Florence, SC 29501

Active
Last Updated: 01/25/2025

8,520 sqft

Building Size

8

Units

Details:
Building Size:    8,520 sqft
Units:    8
Year Built:    1950
MlsNumber:    20250211
Floors:    2
Parking Spots:    20
Baths:    8
Highlights:
  • Tax Roll Number: 90075-09-021,19
  • Annual Tax: $ 12841.48
  • Gross Income: $ 76000.0
  • Appliances: Washer
  • Flooring: Hardwood
  • Road Type: City / Town Street
  • Lot Description: Corner
  • Lot Size: 1/2 - 1 Acre
  • Cooling: Central A/C
  • Fencing: Metal Fence
  • Heating Fuel Type: Electric
  • Sewer: City
  • Area Description: Historic / Antique
  • Water: City Water
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!

Map:
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