202 Madison Ct - Apartments FOR SALE


Myrtle Beach, SC 29577
$4,499,000 USD
843-902-4325
202 Madison Ct, Myrtle Beach, SC for Sale
$4,499,000 USD
Apartments - FOR SALE
1/9
null | 13.74% Cap Rate

202 Madison Ct
Myrtle Beach, SC 29577


HIGHLIGHTS

  • 2nd Row To The Ocean, These Raised Beach Homes Offers Incredible Rental Income Opportunities
  • High End Finishes Throughout Each Home
  • GRI of 125K + projected for each unit
  • Directly Across From Public Beach Access For Ease Of Use
  • Centralized Area around Hundreds of Restaurants, Shopping, & Entertainment Options in the Grand Strand!

OVERVIEW

NOW PRE-SELLING! Discover coastal living at its finest in this exquisite raised beach home situated on Ocean Blvd in the heart of Myrtle Beach. The Villas on 24th will provide 12 Luxury Beach Homes to the community AVAILABLE AS A PACKAGE OF 6 UNITS as the listing price reflects! Each home Boasts 4 bedrooms and 4 bathrooms, these residences are the epitome of comfort and style. The bonus room provides versatility and can easily be converted into a 5th bedroom to suit your needs. The interior is adorned with sleek Luxury Vinyl Plank (LVP) flooring, creating a modern and durable foundation. The kitchen is a culinary haven with stainless steel appliances, shaker cabinets, and granite countertops, providing both functionality and aesthetic appeal. Located just across the street from the Atlantic Ocean, this property offers the perfect blend of beachside living and convenience. Ideal for investors, these homes allows short-term rentals, presenting an excellent opportunity for a lucrative investment. Each bedroom is generously sized, with many featuring ensuite bathrooms for added privacy and convenience. Whether you're envisioning a personal oasis or a savvy investment property, this home on Ocean Blvd is the perfect canvas. Seize the opportunity to own a piece of Myrtle Beach paradise, where the charm of coastal living meets the potential for a sound investment. Also available as individual units or a package of 12 units for the total community *Photos are of similar homes. (Home and community information, including pricing, included features, terms, availability and amenities, are subject to change prior to sale at any time without notice or obligation. Square footages are approximate. Pictures, photographs, colors, features, and sizes are for illustration purposes only and will vary from the homes as built. Equal housing opportunity builder.)

FOR SALE DETAILS

PRICE

$4,499,000 USD

PRICE/SF

$299 USD /SF

# OF UNITS

6

PRICE/UNIT

$749,833

CAP RATE

13.74%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Villas on 24th

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2025

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.73 AC

LAND SF

31,799 SF

ZONING

MF

APN/PARCEL ID

44502010655

ASK ABOUT THIS PROPERTY

Jeff FormanKeller Williams Innovate SouthMore Info
843-902-4325

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Jeff FormanKeller Williams Innovate SouthMore Info
843-902-4325

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.