304 1st Ave N - Apartments FOR SALE


Myrtle Beach, SC 29577- Downtown Myrtle Beach
$879,000 USD
843-222-6357
304 1st Ave N, Myrtle Beach, SC for Sale
$879,000 USD
Apartments - FOR SALE
1/13
null | Request Cap Rate

304 1st Ave N
Myrtle Beach, SC 29577
Downtown Myrtle Beach


HIGHLIGHTS

  • 4 Unit Multifamily Property in a great location!

OVERVIEW

Welcome to 304 1st Avenue, Myrtle Beach, SC 29577, An Exceptional Investment Opportunity just one block from the AtlanticOcean in the heart of Myrtle Beach. Situated on a generous 0.21 acre lot, this unique property features two duplex buildingsoffering four spacious 2 bedroom units and a total of approximately 3,390 heated square feet. Renovated in 2022, the front duplex includes two well-appointed 2-bedroom units totaling approximately 2,100 heated square feet. Each unit features a large private balcony, creating an inviting outdoor space perfect for enjoying the coastal breeze. The rear duplex offers two additional 2bedroom units totaling approximately 1,290 heated square feet, providing additional rental flexibility and strong income potential. Located in the highly desirable MU H zoning district, the property allows for both short term and long-term rentals, making it an ideal opportunity for investors seeking a versatile income producing asset. With no HOA fees, owners benefit from maximum flexibility and minimal overhead. Positioned in the center of Myrtle Beach, this property is just steps from the beach, 2nd Avenue Pier and within walking distance to the area's most popular attractions, restaurants, entertainment, and shopping. Enjoy the convenience of coastal living while taking full advantage of the strong rental demand that Myrtle Beach is known for. A rare opportunity to own a multi-unit property in one of Myrtle Beach’s most sought-after locations.

FOR SALE DETAILS

PRICE

$879,000 USD

PRICE/SF

$259 USD /SF

# OF UNITS

4

PRICE/UNIT

$219,750

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

MF

APN/PARCEL ID

44305030064

ASK ABOUT THIS PROPERTY

Liat EdriRealty One Group DocksideMore Info
843-222-6357

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

Liat EdriRealty One Group DocksideMore Info
843-222-6357

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