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Rare 19-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, kitchens, bathrooms, painting, fixtures and more! Situated on a generous 0.51-acre lot, this 19-unit property offers spacious studio 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: 19 spacious studio units Prime 0.51-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: 2512840
Price: $1,450,000
Square Footage: 6,226 Sqft
Year Built: 1966
Listing Status: Active
Property Sub Type: Apartment
Features
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
Zipcode29577
Street: 28th Ave. N
Street Number: 505
Zoning: HC-2
Mls Area Major: 16F Myrtle Beach Area--10th Ave N to 29th 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
Building Size: 6226
Foundation Details: Slab
Lot Features: City Lot, Rectangular, Rectangular Lot