Log In/Sign Up
Your email has been sent.
Royal Street Apartments 407 Royal St 10 Unit Apartment Building $907,348 CAD ($90,735 CAD/Unit) 7.55% Cap Rate Florence, SC 29506
INVESTMENT HIGHLIGHTS
- Recently Renovated: The property has undergone recent upgrades, enhancing unit appeal and supporting potential rent growth.
- Strong Submarket Demand: Located in a high-demand section of Florence with steady rental absorption and tenant interest.
- Strategic Transportation Access: Close to Interstate 95 and U.S. Highway 76, linking residents to regional destinations.
- Stable Cash Flow: Proven occupancy and consistent rent collections provide reliable income.
- Proximity to Major Employers: Easy access to healthcare, manufacturing, education, and logistics hubs drives tenant stability.
- Upside Potential: Opportunities exist to increase NOI through operational efficiencies, minor renovations, or lease adjustments.
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present Royal Street Apartments, a 10-unit multifamily community located in Florence, South Carolina.
Royal Street Apartments is positioned in a demand-driven submarket of Florence, supported by consistent rental demand and proximity to key economic drivers including healthcare, manufacturing, logistics, and education. The property’s location provides residents with convenient access to major employers, retail corridors, and community amenities, making it an attractive housing option for long-term tenants.
The asset has recently undergone renovations, enhancing unit appeal and overall property condition. It delivers stable in-place income with proven occupancy while offering potential upside through targeted operational improvements. Florence’s multifamily market is supported by population growth, a diverse employment base, and ongoing economic investment, positioning Royal Street Apartments for sustained rent growth and long-term value appreciation. Conveniently located near Interstate 95 and U.S. Highway 76, the property provides residents easy access to Columbia, Myrtle Beach, and other regional markets, reinforcing its role as a reliable, cash-flowing investment in a resilient secondary market.
Royal Street Apartments is positioned in a demand-driven submarket of Florence, supported by consistent rental demand and proximity to key economic drivers including healthcare, manufacturing, logistics, and education. The property’s location provides residents with convenient access to major employers, retail corridors, and community amenities, making it an attractive housing option for long-term tenants.
The asset has recently undergone renovations, enhancing unit appeal and overall property condition. It delivers stable in-place income with proven occupancy while offering potential upside through targeted operational improvements. Florence’s multifamily market is supported by population growth, a diverse employment base, and ongoing economic investment, positioning Royal Street Apartments for sustained rent growth and long-term value appreciation. Conveniently located near Interstate 95 and U.S. Highway 76, the property provides residents easy access to Columbia, Myrtle Beach, and other regional markets, reinforcing its role as a reliable, cash-flowing investment in a resilient secondary market.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS Under Contract
| Price | $907,348 CAD | Apartment Style | Garden |
| Price Per Unit | $90,735 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.97 AC |
| Cap Rate | 7.55% | Building Size | 8,674 SF |
| No. Units | 10 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1982 |
| Property Subtype | Apartment | ||
| Zoning | R4 | ||
| Price | $907,348 CAD |
| Price Per Unit | $90,735 CAD |
| Sale Type | Investment |
| Cap Rate | 7.55% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.97 AC |
| Building Size | 8,674 SF |
| No. Stories | 1 |
| Year Built | 1982 |
| Zoning | R4 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | - | 400 |
| 2+1 | 4 | - | 600 |
| 3+1 | 4 | - | 800 |
1 1
1 of 6
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Royal Street Apartments | 407 Royal St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.