3380 Alligator Rd, Florence, SC 29501

12% CAP rate! 3380 Alligator Road is a 5 pad, all-age community located in Florence, SC. All units are park owned. Public water and septic tanks. There is an inactive well on site if new owner wishes to convert utilities. 2019 up-fit includes: cool sealing / new shingles on all roofs, exterior painting, new vinyl siding, and interior remodel. Park and units are well kept and have virtually no deferred maintenance. All tenants are rigorously screened with an average stay of over 4 years. Lots 1 and 2 have long term tenants and are below market rents. Storage unit in the center belongs to park. Alligator road is in process of being widened to a four lane thorough fare. Tenants have an easy commute to Florence. Rents will continue to increase!