PRICE REDUCED! Amazing CAP rate now with much more room to grow to even more income. Rare 32-Unit updated Investment Opportunity in the Heart of Myrtle Beach! Don’t miss your chance to own this rental powerhouse just steps from the beach and minutes from vibrant downtown Myrtle Beach.The property has had many updates including new flooring, roof in 2023, kitchens, bathrooms, painting, fixtures and more! Situated on a generous 0.52-acre lot, this 32-unit property offers spacious one-bedroom apartments and is perfectly positioned for both short-term and long-term rental strategies. With strong management already in place, this property is performing exceptionally well — and still offers room to grow income even further. Whether you’re looking to expand your portfolio or break into one of the Southeast’s fastest-growing coastal markets, this is a rare opportunity that checks all the boxes. Located close to Myrtle Beach International Airport, world-class golf courses, popular restaurants, and of course, the ocean, this property offers unmatched convenience for vacationers and long-term tenants alike. Key Highlights: 32 spacious 1-bedroom units Prime 0.52-acre lot just steps from the beach Excellent current rental performance Flexible investment: long-term or short-term rentals Close to airport, golf, dining, and downtown Myrtle Beach Rare high-density opportunity on a large parcel The Myrtle Beach market continues to thrive, and properties like this don’t come along often. Schedule your private showing today and secure your place in one of the most dynamic beachside markets on the East Coast!
452 days
|
137
|
10
|
Zillow last checked:
Listing updated:
Listed by:
Nicholas G Strumke843-655-5470,
Century 21 Palms Realty,
Rodica Strumke843-455-3696,
Century 21 Palms Realty
Source: CCAR,MLS#: 2512828Originating MLS: Coastal Carolinas Association of Realtors
Facts & features
Interior
Heating
Central, Electric
Cooling
Central Air
Interior area
Total structure area: 12,726
Total interior livable area: 12,000 sqft
Property
Parking
Parking features: Other
Features
Pool features: Association, Community
Lot
Features: City Lot, Irregular Lot
Details
Additional parcels included: ,
Parcel number: 44314010005
Zoning: Withers HT
Special conditions: None
Construction
Type & style
Home type: MultiFamily
Property subtype: Multi Family, Apartment
Attached to another structure: Yes
Materials
Foundation: Slab
Condition
Resale
Year built: 1970
Utilities & green energy
Water: Public
Utilities for property: Cable Available, Electricity Available, Phone Available, Sewer Available, Underground Utilities, Water Available
Community & HOA
Community
Features: Pool, Long Term Rental Allowed, Short Term Rental Allowed