Investor Alert – Exceptional Multifamily Opportunity in Crescent Beach! Located just one block from the ocean in the highly sought-after Crescent Beach section of North Myrtle Beach, this rare investment opportunity features three income-producing buildings situated on a single parcel. The property consists of two duplexes and one four-unit building, totaling eight rental units comprised of five 2-bedroom, 1-bath units and three 1-bedroom, 1-bath units. Several long-term tenants are already in place, providing immediate income, while substantial upside remains through rent increases, property improvements, or potential conversion to short-term rentals where permitted. With its prime location and flexible investment potential, this property presents an excellent opportunity for investors seeking both current cash flow and future appreciation. Positioned within walking distance of the beach, restaurants, shopping, and entertainment, the property is ideally suited for a variety of investment strategies, including long-term rentals, vacation rentals, or a value-add repositioning project. Opportunities to acquire multiple buildings on one parcel this close to the ocean are increasingly difficult to find. Whether you're looking to expand your portfolio or capitalize on a redevelopment and income-growth opportunity, this Crescent Beach property offers tremendous potential in one of the Grand Strand's most desirable coastal markets.
34 days
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380
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28
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Zillow last checked:
Listing updated:
Listed by:
Dominic Siciliano843-353-1589,
Keller Williams The Forturro Group
Source: CCAR,MLS#: 2615227Originating MLS: Coastal Carolinas Association of Realtors
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Facts & features
Interior
Heating
Electric
Cooling
Wall/Window Unit(s)
Features
Basement: Crawl Space
Interior area
Total structure area: 4,560
Total interior livable area: 4,560 sqft
Property
Parking
Parking features: Carport
Has carport: Yes
Lot
Dimensions: 57' x 73' x 63' x 50' x 123' x 123'
Features: City Lot, Irregular Lot
Details
Additional parcels included: ,
Parcel number: 35715040054
Zoning: R4
Special conditions: None
Construction
Type & style
Home type: MultiFamily
Property subtype: Multi Family, Apartment
Attached to another structure: Yes
Materials
Wood Frame
Foundation: Crawlspace
Condition
Resale
Year built: 1950
Utilities & green energy
Water: Public
Utilities for property: Cable Available, Electricity Available, Sewer Available, Water Available
Community & HOA
Community
Features: Long Term Rental Allowed, Short Term Rental Allowed
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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