Two-Story
411 Timrod Park Drive, Florence, SC 29501
For Sale
Contact for pricing
The lower residence has three bedrooms, while the upper unit includes two bedrooms and an exterior stairway.
Property Size2,165 SF
Price / SF$90.07
Days on Market12
Property Features for 411 Timrod Park Drive
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Buildings
Stories
Listing Agency:
ERA Leatherman Realty Inc
Listed By:
Vonda Sellers-Ford · License #SC
Source:
Crexi
Added: Oct 29
Changed: Nov 8
Last Checked: Nov 8 at 5:12PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ERA Leatherman Realty Inc
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Investment Insights
Based on property information with market context.
Built in 1935, this two-level duplex contains two separate residences totaling approximately 2,165 square feet. The lower unit has three bedrooms, one bathroom, wood flooring, a distinct dining room, and a screened porch. Above, the two-bedroom, one-bath unit includes an eat-in kitchen and is reached by an exterior stairway. Off-street parking is available.
The property is across from the tennis courts in Florence’s Timrod Park neighborhood. Walking trails, a playground, and green space are nearby, with restaurants, coffee shops, shopping, and entertainment a short distance away.
The property is across from the tennis courts in Florence’s Timrod Park neighborhood. Walking trails, a playground, and green space are nearby, with restaurants, coffee shops, shopping, and entertainment a short distance away.
Key Highlights
- Two residences across approximately 2,165 square feet
- Built in 1935
- Lower unit: 3 bedrooms, 1 bathroom, wood floors, separate dining room, and screened porch
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,480
Cap Rate
6.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$249,600
$249.6K
Cap Rate 7%
$178,286
$178.3K
Cap Rate 9%
$138,667
$138.7K
Market Conditions
NOI Build-Up for 2,165 SF
Gross rent
$19.5K $9.00/SF
− Vacancy
−$1.7K −$0.77/SF
EGI
$17.8K $8.24/SF
− OpEx
−$5.3K −$2.47/SF
NOI
$12.5K $5.76/SF
Area
Florence County, SC
Vacancy
8.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$249,600
Cap Rate 7%
$178,286
Cap Rate 9%
$138,667
Alternative Uses
Best Use
Multifamily LT 5
$178.3K
$156.0K – $208.0K
NOI $12,480 @ 7.0% cap · market cap 6.40%
Second Best
Apartment 5plus
$160.0K
$140.0K – $186.6K
NOI $11,198 @ 7.0% cap · market cap 5.74%
Theoretical Best
Office A
$319.2K
$279.3K – $372.4K
NOI $22,343 @ 7.0% cap · market cap 11.46%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
748
Businesses Nearby
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Business Placement
Demographics for 29501, SC
46,528
Population
20,713
Households
2.2
Avg Household Size
40
Median Age
33%
College-Educated
93%
High-School Grad
52.4 sq mi
ZIP Area
888
Density / Sq Mi
$70,618
Median Household Income
$46,246
Median Earnings
$995
Median Rent
$220,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The lower residence has three bedrooms, while the upper unit includes two bedrooms and an exterior stairway.
Where is this duplex located?
The property is located at 411 Timrod Park Drive Florence, SC.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: Two residences across approximately 2,165 square feet; Built in 1935; Lower unit: 3 bedrooms, 1 bathroom, wood floors, separate dining room, and screened porch
