3175 TALL OAKS DR Florence SC 29506-4042

Tall Oaks MH Community is a high quality 100% occupied 55 unit, MH rental community located in Florence, South Carolina, a 200k+ population MSA. Tall Oaks is conveniently located to the Florence Regional Airport and downtown Florence.

The asking price for the community is $6,350,000. The asking price represents a 6.5% capitalization rate.

The property consists of 55 units of which a majority are less than 5 years old and the average is 12 years old.​ The homes are individually platted and the project could be sold off as condos to individual tenants.​

The rent roll has an embedded 14% loss to lease and as they are raised to market the NOI increases to a 7.5% yield.​

Tall Oaks provides a tax efficient investment due to the 54 rental homes which allow for the option to use accelerated depreciation on a large percentage of the purchase price.​

Located at the intersection of I-95 and I-20, halfway between Miami and New York, Florence offers easy access to 30 major markets, has a 200,000+ population MSA, and is home to CSX’s largest railway in the state.​