403 14th Ave. S , Myrtle Beach, SC 29572
Myrtle Beach, SC 29572
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 Type | For Sale |
| Style | Hospitality |
| Sub-Type | Resale |
| Status | Active |
| Year | 1970 |
| Days On Site | 131 |
| Listing Provided By | Coastal Vision Properties LLC | Mike Green |
Features
| N/A | 12,726 |
|---|---|
| Story(s) | 2 |
| Units | 32 |
| Zoning | Withers Ht |
| Acreage | 0.52 |
Market Activity 29572
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Learn More About This Property
| State | SC |
|---|---|
| County | Horry |
| City | Myrtle Beach |
| Zip Code | 29572 |
| Area | 16G Myrtle Beach Area Southern Limit to 10TH Ave N |
| Community Name | Not within a Subdivision |
| Listing VS Median (in Not within a Subdivision) | |
Price: $3,250,000 low | high Med: $339,000 SqFt: 12,726 low | high Med: 1,440 $ / SqFt: $255 low | high Med: $235 On Site: 131 low | high Med: 4 | |