Radiance Renissance Apartments — Sale in Florence, SC

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Florence, SC 29506

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Investment Figures

Cap rate
8.05%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present Radiance Renissance Apartments, a 21-unit multifamily community located across two properties in Florence, South Carolina. Originally built in 1946 and 1955 and comprehensively renovated in 2025, the community comprises 2 one-bedroom units and 19 two-bedroom units. The 2025 renovation delivered a fully modernized asset with every unit featuring new LVP flooring, fresh paint, new cabinets, and new appliances (predominantly stainless steel). Additional recent capital investment includes fully replaced PEX plumbing throughout the property, new mailboxes, and recent repaving at the Church Street property. HVAC systems vary across the two properties, from central HVAC and mini-splits to a limited number of window units. Electric is individually metered by unit, with water served by a single master meter. Radiance Renissance is positioned in Florence, the medical and commercial hub of South Carolina’s Pee Dee Region. The local economy is diversified across healthcare, manufacturing, and distribution, with major employers including McLeod Health, MUSC Health Florence, HopeHealth, GE HealthCare, Honda, QVC, Sonoco Products, and Assurant. Florence sits directly on the I-95 corridor midway between the Northeast and Florida, positioning the market for continued industrial and commercial investment. Investment Highlights: • 2025 Comprehensive Renovation: All 21 units renovated in 2025 with new LVP flooring, paint, cabinets, and appliances (predominantly stainless steel). • Modern Plumbing & Utility Infrastructure: Fully replaced PEX plumbing throughout, individually metered electric, and single water meter across both properties. • Majority 2BR Unit Mix: 19 two-bedroom units and 2 one-bedroom units delivering a predominantly two-bedroom operating profile. • Florence Medical & Commercial Hub: Positioned in Florence, the medical and commercial hub of South Carolina's Pee Dee Region. • Florence Employment Base: Anchored by McLeod Health, M

Market Context

This multifamily in Florence, SC is listed for sale. It is offered at an approximate 8.1% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Florence, SC — view the full market.

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