403 14th Ave. S, Myrtle Beach, SC 29572

$3,500,000
12,726
SqFt
List Price
$3,500,000
Status
ACTIVE
MLS#
2413450
Days on Market
49
Property Type
Hotel/Motel
Total Heated SqFt
12726
Lot Size
22,651
Region
16g Myrtle Beach Area--Southern Limit To 10th Ave
Year Built
1970

Property 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.

Additional Information

Levels
Two
Possession
Closing
County
Horry
Neighborhood
Not within a Subdivision
Project/Section
Not within a Subdivision
Acres
0.52
Zoning
Withers Ht
Listing Courtesy Of
Coastal Vision Properties LLC

Listing courtesy of Listing Agent: Mike Green () from Listing Office: Coastal Vision Properties LLC.

Provided courtesy of The Coastal Carolinas Association of REALTORS®. Information Deemed Reliable but Not Guaranteed. Copyright 2024 of the Coastal Carolinas Association of REALTORS® MLS. All rights reserved. Information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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