Gallant Acres Mobile Home Village*

Florence, South Carolina

SOLD! $1,050,000

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Gallant Acres* Mobile Home Village, built in 1977, is a 61 space all age community, located in Florence, South Carolina (Florence County) on 36.6 acres of country greenery with mature trees throughout. A storage unit is provided with every home, residents enjoy city water, and all the roads are paved.  The community is being offered on the basis of its current income. Cap rate is 10% and GRM is 9.09.

 

Nine foriegn affiliated companies and 14 fortune 500 companies call Florence, SC home. Florence has blossomed into a strong center for medical care, with three major medical providers McLeod Regional Medical Center, Carolinas Hospital System and HealthSouth. The growth of these providers has led to the transformation of the Florence skyline over the last 10 years, with development for demand with multi-story high-rises as well as community relation projects. With all the economic growth and close proximity to attractions like Myrtle Beach, Florence is an excellent city to invest. 

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August 1, 2018

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