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Pace Cove 1834 W Lucas St 110 Unit Apartment Building $1,995,000 ($18,136/Unit) 9.65% Cap Rate Florence, SC 29501

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Investment Highlights

  • Located directly off Interstate 95, on one of the busiest corridors on the East Coast
  • Near workforce hubs including Florence-Darlington Technical College and Francis Marion University
  • Minutes to Highway 52, providing excellent connectivity throughout Florence and the Pee Dee Region
  • Close to major employment drivers

Executive Summary

Broker of Record
Kyle Matthews
License # 22684 (SC)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550

Property Facts

Price $1,995,000
Price Per Unit $18,136
Sale Type Investment
Cap Rate 9.65%
No. Units 110
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 4.48 AC
Building Size 46,728 SF
No. Stories 1
Year Built 1988

Amenities

Unit Amenities

  • Microwave
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower

Site Amenities

  • 24 Hour Access
  • Tenant Controlled HVAC
  • Smoke Free
  • Online Services
  • Smoke Detector

Property Taxes

Property Taxes

Parcel Number
01211-01-070
Land Assessment
$39,100
Improvements Assessment
$69,409
Total Assessment
$108,509
  • Listing ID: 39181416

  • Date on Market: 1/22/2026

  • Last Updated:

  • Address: 1834 W Lucas St, Florence, SC 29501

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