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Attention Investors! Exceptional Opportunity Awaits! Don’t let this incredible chance to own a well-maintained brick eight-unit building slip away! Located just blocks from the beautiful shores of Myrtle Beach, SC, this property sits on a generous corner lot measuring 125 by 117. It’s truly a standout investment in an outstanding location. Five of the eight units were fully renovated in 2021, showcasing modern finishes and appealing amenities that will attract quality tenants. The property’s exterior was also updated that year, boosting its overall charm and curb appeal. Each unit features a spacious kitchen with an island, an oversized bedroom with plenty of closet space, and a full bath, making them a desirable choice for renters. With all units currently occupied, you can begin generating income right away! Additional features include individual storage units for tenants at the back of the property. Enjoy being surrounded by shopping, exceptional dining, parks, and the beach—all just a short walk away. Tenants are responsible for their electricity, cable, internet, and phone, while the owner covers water and sewer expenses, creating a balanced financial structure. Best of all, there’s NO HOA to manage! This is a prime investment opportunity that is sure to go fast! Contact the listing agent today to arrange a viewing. Note: The unit pictured is the one that has not yet been renovated. Don’t miss out on this chance to invest in a thriving area with immense potential!
Basic Details
Property Type: Residential
Listing Type: For Sale
Listing ID: 2513134
Price: $1,090,000
Square Footage: 4,960 Sqft
Year Built: 1971
Listing Status: Active
Office Name: Keller Williams The Forturro G
Property Sub Type: Apartment
Agent Phone Number: 843-612-1473
Agent Email: lalushka22@gmail.com
Features
Heating SystemCentral, Electric
Cooling SystemCentral Air
ParkingOther
UtilitiesElectricity Available, Cable Available, Sewer Available, Water Available, Underground Utilities
Address Map
CountryUS
StateSC
CountyHorry
CityMyrtle Beach
Zipcode29572
Street: Somerset Dr.
Street Number: 6501
Zoning: Commercial
Mls Area Major: 16D Myrtle Beach Area--48th Ave N to 79th Ave N
Neighborhood
Elementary School: Myrtle Beach Elementary School
High School: Myrtle Beach High School
Middle School: Myrtle Beach Middle School
Additional Information
Video Url: https://properties.williamcoveymedia.com/sites/6501-somerset-dr-myrtle-beach-29572-13122046/branded
Water Source: Public
Building Size: 4960
Construction Materials: Brick Veneer
Foundation Details: Slab
Lot Features: Corner Lot, Rectangular, City Lot, Rectangular Lot
Lot Size Dimensions: 125' x 116' x 126' x 117'
Number Of Units Total: 8
On Market Date: 2025-05-27
is_gated: Yes
Financial
Association Fee Frequency: Monthly
Listing Information
Co List Agent Mls Id: 18654
Co List Office Mls Id: 3677
Co List Office Name: Keller Williams The Forturro G