Aline Capital’s Multifamily team is pleased to announce the successful closing of Stonehenge Apartments, located in Florence, South Carolina, at a sales price of $7,900,000.
Built in 1990 and comprising 88 units, Stonehenge Apartments represents a rare single-owner asset. The property was meticulously maintained by its original owner since construction and now transitioning to its next chapter. The offering generated significant investor interest, drawing numerous competitive offers from buyers across the country, a testament to the continued confidence in Florence’s multifamily market.
Strategically situated in the heart of SC, Florence continues to attract investor attention as one of South Carolina’s most resilient secondary markets. Anchored by the hospital system, a growing manufacturing base, and its position as a regional retail and logistics hub, Florence offers the kind of stable demand drivers that institutional and private capital alike find compelling.
The incoming ownership group plans to continue renovating classic units and drive rents toward market, capitalizing on the property’s well-preserved foundation and the market’s demonstrated appetite for quality workforce housing.
Congratulations to all parties involved in making this transaction a success.
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