Easy beach accessDouble corner lotSteps from the ocean
Rare opportunity to acquire a strategically located multifamily investment property comprised of 301–303 27th Ave South & 2702 Perrin Drive, positioned on a double corner lot in the highly desirable Crescent Beach section of North Myrtle Beach just 485 feet from the Atlantic Ocean and Crescent Beach public access! With strategic renovations and cosmetic updates, this asset offers significant upside potential through rent growth and repositioning. The premier Crescent Beach location and being just steps from the ocean creates a powerful opportunity to modernize units, enhance curb appeal, and elevate the property into a higher performing coastal rental. Renovated units in this submarket command premium rents, particularly for furnished and short-term rental conversions, making this property well-suited for increased cash flow, improved tenant quality, and long-term appreciation. The property benefits from public utilities, R-4 zoning for multi-unit residential use, and proximity to schools, shopping, and major attractions. Delight tenants with easy beach access, coastal lifestyle appeal, and strong walkability to local favorites. Whether you’re expanding your multifamily portfolio, seeking a high-demand STR asset, or pursuing a value-add coastal property, this Crescent Beach investment is located in one of the Grand Strand’s most sought-after submarkets — don’t miss out!
211 days
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Zillow last checked:
Listing updated:
Listed by:
Jeff FormanCell:843-902-4325,
Keller Williams The Forturro Group
Source: CCAR,MLS#: 2600175Originating MLS: Coastal Carolinas Association of Realtors
Facts & features
Interior
Heating
Central, Electric
Cooling
Central Air
Interior area
Total structure area: 7,348
Total interior livable area: 7,348 sqft
Property
Parking
Parking features: Other
Lot
Dimensions: 131' x 55' x 130' x 55'
Features: Corner Lot, City Lot, Rectangular, Rectangular Lot
Details
Additional parcels included: 39201020720,
Parcel number: 39201020721
Zoning: R-4
Special conditions: None
Construction
Type & style
Home type: MultiFamily
Property subtype: Multi Family, Apartment
Attached to another structure: Yes
Materials
Vinyl Siding, Wood Frame
Foundation: Slab
Condition
Resale
Year built: 1960
Utilities & green energy
Water: Public
Utilities for property: 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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