Recent Posts RSSViewing Listing MLS# 2413450
Myrtle Beach, SC 29572
- Withers HtZoning
- 12,726SqFt
- 32Units
- N/ASale/Rent
- N/AWet Lands
- 0.52Acres
- MLS# 2413450
- Commercial
- HotelMotel
- Active
- Approx Time on Market3 months, 3 days
- AreaMyrtle Beach Area--Southern Limit To 10th Ave N
- CountyHorry
- SubdivisionNot Within A Subdivision
Overview
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. Dont miss out on this rare opportunity to own a profitable multi-unit property in one of the fastest-growing areas on the East Coast.
Agriculture / Farm
Grazing Permits Blm: ,No,
Horse: No
Grazing Permits Forest Service: ,No,
Grazing Permits Private: ,No,
Irrigation Water Rights: ,No,
Farm Credit Service Incl: ,No,
Crops Included: ,No,
Association Fees / Info
Hoa: No
Bathroom Info
Building Info
New Construction: No
Num Stories: 2
Levels: Two
Year Built: 1970
Mobile Home Remains: ,No,
Zoning: Withers Ht
Building Area Source: PublicRecords
Buyer Compensation
Exterior Features
Spa: No
Financial
Lease Renewal Option: ,No,
Garage / Parking
Garage: No
Carport: No
Open Parking: No
Attached Garage: No
Interior Features
Fireplace: No
Lot Info
Lease Considered: ,No,
Lease Assignable: ,No,
Acres: 0.52
Land Lease: No
Misc
Pool Private: No
Offer Compensation
Property Info
County: Horry
Current Use: HotelMotel
View: No
Number of Units Total: 32
Senior Community: No
Stipulation of Sale: None
Habitable Residence: ,No,
Property Attached: No
Rent Control: No
Room Info
Basement: ,No,
Sold Info
Sqft Info
Sqft: 12726
Tax Info
Unit Info
Utilities / Hvac
Electric On Property: No
Cooling: No
Sewer: PublicSewer
Heating: No
Waterfront / Water
Waterfront: No
Courtesy of Coastal Vision Properties Llc
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