204 E Pine St, Florence, SC 29506

Property Description

Exceptional investment opportunity featuring four single-family homes across two tax map numbers, offering immediate income and strong upside potential. 204 E Pine St (TMS #90103-12-009) is a well-updated 3BR/1BA home with 1,128 sq ft, originally built in 1960. Recent improvements include a new roof (2023), full electrical rewire, brand-new mini-split system, new LVP flooring, and new paint, making this property move-in ready with modern upgrades throughout. Situated on TMS #90103-12-011, the remaining three homes provide additional rental income: 404 S. Barringer St – 3BR/1BA, 832 sq ft, built in 1950. Features a new roof (2023), window units in bedrooms, and a new mini-split system scheduled for installation in the living area by April. 406 S. Barringer St – 2BR/1BA, 672 sq ft, built in 1950. Includes a new roof (2023), new electrical panel, window units in bedrooms, and a new mini-split to be installed by April. 408 S. Barringer St – 2BR/1BA, 672 sq ft, built in 1950. Also features a new roof (2023), window units in bedrooms, and a new mini-split scheduled for installation by April. The portfolio currently generates $2,800 in gross monthly income, making it an excellent opportunity for investors seeking cash flow with value-add potential. New two-year lease just signed includes owner right to increase rent by 10% with 90-day notice. With major updates already completed and additional improvements underway, this package is positioned for both immediate returns and long-term growth.