403 14th Ave. S, Myrtle Beach

$3,250,000

0 Bed
0 Bath
12,726 Sqft
.52 Acre
0 Garage

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.

Essential Information
MLS® #2413450
Price$3,250,000
Bathrooms0.00
Square Footage12,726
Acres0.52
Year Built1970
TypeCommercial Sale
Sub-TypeHotel/Motel
StatusActive
Community Information
Address403 14th Ave. S
SubdivisionNot within a Subdivision
CityMyrtle Beach
CountyHorry
StateSC
Zip Code29572
Area

16G Myrtle Beach Area--Southern Limit to 10TH Ave N

Additional Information
Days on Website172
ZoningWithers Ht
Listing Details
OfficeCoastal Vision Properties LLC
Property History
Price Reduced from $3,500,000 to $3,250,000
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