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    130 N Mustang Road, Florence, SC 29506

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    Picture of Apartment buildings at 130 N Mustang Road, Florence, SC
    For Sale
    $449,900

    MULTI_FAMILY - Florence, SC

    Lot size:
    1.70 Acres
    Added:
    Sep 24, 2025
    Days on Market:
    253
    Last Refresh:
    Jun 3 at 10:06 pm

    Property Features for 130 N Mustang Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    13
    Bathrooms
    9
    Rooms
    Bathroom 2, Bedroom 1, Bathroom 7, Bedroom 12, Bathroom 8, Bedroom 4, Bedroom 6, Bedroom 8, Bedroom 5, Bedroom 2, Bedroom 11, Bathroom 6, Bedroom 3, Bedroom 7, Bedroom 10, Bathroom 5, Bathroom 3, Bathroom 9, Bedroom 9, Bathroom 4, Bathroom 1, Bedroom 13
    Parking features
    Off Street, Garage
    Standard status
    Active
    Lot size
    1.70 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1963
    Number of units
    6
    Flooring type
    Laminate, Vinyl, Wood
    Building materials
    Aluminum/Vinyl Sid., Brick Veneer
    Roof type
    Composition

    We can help!

    Listing Contact
    Jane Singleton
    Jane Singleton

    Listing agent Jane Singleton License #26615

    Listing office C/B McMillan and Assoc. 419 S Coit Street, Florence, SC

    Listing date Sep 24, 2025

    MLS# 20252040 Listing URL

    Copyright © 2026 Pee Dee Realtor Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Multiple residences on one property: brick range home 3/1 and brick range home 3/2
    • Includes a 14 x 60 singlewide Mastercraft and a 24 x 44 double wide Mansion
    • Garage/apartment 1/1 with den and kitchen plus a 12 x 34 tiny house
    • Also includes a mobile home lot that is rented
    • Central heating and central air; public water; composition roof
    • Aluminum/vinyl siding and brick veneer exterior with off‑street parking and a garage

    Overview

    This for-sale property consists of a single 1.7-acre lot containing multiple separate rental dwellings. The mix includes two brick range homes, one with 3 bedrooms and 1 bathroom and another with 3 bedrooms and 2 bathrooms. There is also one 14-by-60 singlewide Mastercraft unit, one double wide 24-by-44 Mansion unit, and a 1-bedroom/1-bath garage apartment with a den and kitchen. Rounding out the site are a 12-by-34 tiny house and a mobile home lot that is rented.

    The property is located at 130 N Mustang Road in Florence, South Carolina 29506. Access for showings is limited, and the listing notes appointments are required for viewing.

    For tenants seeking variety in unit types, the site offers multiple configurations, including traditional brick homes alongside manufactured housing and smaller standalone options like the tiny house. For buyers and operators, the bundled setup on one parcel may support a straightforward, consolidated ownership structure across several income-producing dwellings.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Building Supply Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Auto Parts Store Food Market Storage Facility Furniture & Home Goods Daycare Center Tech Support Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Florence
    County
    Florence
    State
    South Carolina
    Longitude
    -79.723845
    Latitude
    34.19929

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    FAQs

    What type of property is this?
    Apartment building - Diverse mix of rental dwellings on one lot, including brick homes, manufactured units, and a garage apartment.
    Where is this apartment building located?
    The property is located at 130 N Mustang Road Florence, SC.
    What is the asking price?
    The asking price for this property is $449,900.
    What are key features of this property?
    This property features: Multiple residences on one property: brick range home 3/1 and brick range home 3/2; Includes a 14 x 60 singlewide Mastercraft and a 24 x 44 double wide Mansion; Garage/apartment 1/1 with den and kitchen plus a 12 x 34 tiny house
    (843) 601-7710
    We can help!
    Listing Contact
    Jane Singleton
    Jane Singleton
    Real Estate License ID: 26615
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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