$275.03 Per Sq Foot $18,258 est/mo Sourced by Back At You

403 14th Ave. S,Myrtle Beach, SC 29572

Myrtle Beach SC, 29572

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Description

Exceptional Investment Opportunity: 32-Unit Apartment Building in Myrtle Beach! Address: 403 14th Ave. S, Myrtle Beach, SC 29577 Discover a prime investment in the heart of Myrtle Beach with this well-maintained 32-unit apartment building, featuring all 1-bedroom units. Located just a short walk from the stunning South Carolina coastline, this property has a steady rental income and significant potential for value enhancement. Property Highlights: Unit Configuration: All 32 units are spacious 1-bedroom apartments, designed to attract long-term tenants and vacation renters alike. Occupancy Status: With a high occupancy rate, only 3 units are currently vacant, and one of these is already rented for June, ensuring a steady cash flow. On-Site Amenities: A convenient laundry room with 4 machines is available, offering additional income potential and convenience for residents. Swimming Pool: Although the pool is not currently functional, it represents an opportunity for renovation and added value, enhancing the appeal of the property. Investment Potential: This property is ideally situated in a highly sought-after area, known for its tourism and vibrant community. The consistent rental income and high demand for housing in Myrtle Beach make this an attractive option for investors. With some improvements, particularly to the pool area, there is significant potential to increase rental rates and overall property value. Location Benefits: Proximity to beautiful beaches. Close to popular dining, shopping, and entertainment venues. Easy access to public transportation and major highways. Don’t miss out on this rare opportunity to own a profitable multi-unit property in one of the fastest-growing areas on the East Coast.

Details

MLS#2413450
Listing TypeFor Sale
StyleHospitality
Sub-TypeResale
StatusActive
Year1970
Days On Site38
Listing Provided ByCoastal Vision Properties LLC | Mike Green

Features

N/A12,726
Story(s)2
Units32
ZoningWithers Ht
Acreage0.52

Market Activity 29572

Provided courtesy of the Coastal Carolinas MLS. Copyright 2022 of the Coastal Carolinas MLS. All rights reserved. Information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Coastal Carolinas MLS.

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Listings Checked: 3 minutes ago
StateSC
CountyHorry
CityMyrtle Beach
Zip Code29572
Area16G Myrtle Beach Area Southern Limit to 10TH Ave
Community NameNot within a Subdivision
Listing VS Median (in Not within a Subdivision)
Price:
$3,500,000
low | high
Med:
$339,540
100% of Average
SqFt:
12,726
low | high
Med:
2,024
100% of Average
$ / SqFt:
$275
low | high
Med:
$168
88.799593110663% of Average
On Site:
38
low | high
Med:
27.5
100% of Average
Sourced by Back At You
Listing Updated: June 4, 2024 at 3:14:29 PM PDT