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! Dont 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 youre looking to expand your portfolio or break into one of the Southeasts 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 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 dont come along often. Schedule your private showing today and secure your place in one of the most dynamic beachside markets on the East Coast!
Hoa Frequency: Monthly
Community Features: Pool, LongTermRentalAllowed, ShortTermRentalAllowed
Assoc Amenities: Pool, PetRestrictions
Total Baths: 0.00
Year Built: 1970
Zoning: Withers HT
Pool Features: Association, Community
Foundation: Slab
Parking Type: Other
Acres: 0.00
Lot Description: CityLot, IrregularLot
Pets Allowed: OwnerOnly, Yes
County: Horry
Number of Units Total: 32
Stipulation of Sale: None
Property Sub Type Additional: Apartment,MultiFamily
Construction: Resale
Total Sqft: 12726
Living Area Source: PublicRecords
Sqft: 12000
Heating: Central, Electric
Cooling: CentralAir
Cooling: Yes
Utilities Available: CableAvailable, ElectricityAvailable, PhoneAvailable, SewerAvailable, UndergroundUtilities, WaterAvailable
Heating: Yes
Water Source: Public
Elem: Myrtle Beach Elementary School
Middle: Myrtle Beach Middle School
High: Myrtle Beach High School
Courtesy of Century 21 Palms Realty
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