Overview
Wyndham Place is a eleven building, 50-unit, multi-family investment property located in Florence, South Carolina. The property is in the desirable West Florence area just off of North Irby St. and only one mile from downtown Florence. Business plan to renovate 26 units as they become available at lease turns. Previous owner renovated 22 of the units and each building has brand new roofs and 70% of the units have new HVAC’s. All units have washer and dryer connections along with new windows. We will be repaving the parking lots and painting the exteriors while organically increasing rents to be in line with market rates. Florence, SC is home to Patheon’s $70m facility, Honda’s $45-million facility expansion project (2016), and GE Healthcare’s a $40- million facility expansion project(2017).
YEAR BUILT
1950
CITY
Florence
TYPE
Multifamily