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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, snowbirds, 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!
Basic Details
Property Type: Residential
Listing Type: For Sale
Listing ID: 2512828
Price: $2,670,500
Square Footage: 12,000 Sqft
Year Built: 1970
Listing Status: Active
Property Sub Type: Apartment
Features
Swimming PoolCommunity, Association
Heating SystemCentral, Electric
Cooling SystemCentral Air
ParkingOther
UtilitiesCable Available, Electricity Available, Phone Available, Sewer Available, Underground Utilities, Water Available
Address Map
CountryUS
StateSC
CountyHorry
CityMyrtle Beach
Zipcode29572
Street: 14th Ave. S
Street Number: 403
Zoning: Withers HT
Mls Area Major: 16G Myrtle Beach Area--Southern Limit to 10TH Ave N
Neighborhood
Elementary School: Myrtle Beach Elementary School
High School: Myrtle Beach High School
Middle School: Myrtle Beach Middle School
Additional Information
Water Source: Public
Association Amenities: Pool,Pet Restrictions
Building Size: 12726
Community Features: Long Term Rental Allowed, Pool, Short Term Rental Allowed