404 14th Ave S - Apartments FOR SALE


Myrtle Beach, SC 29577- Downtown Myrtle Beach
$1,250,000 USD
843-902-4325
404 14th Ave S, Myrtle Beach, SC for Sale
$1,250,000 USD
Apartments - FOR SALE
1/4
null | 5.95% Cap Rate

404 14th Ave S
Myrtle Beach, SC 29577
Downtown Myrtle Beach


HIGHLIGHTS

  • Prime Beach-Adjacent Location: Just a short walk to the ocean, placing the property in a high-demand coastal corridor with consistent rent demand
  • Attractive 16-Unit Mix: Diverse income stream with 9 efficiencies and 7 one-bedroom units, supporting strong rent-per-square-foot
  • Value-Add Upside: Opportunity to increase NOI through interior upgrades, improved management, and rent optimization in an area seeing reinvestment

OVERVIEW

Investment Opportunity | 16-Unit Multifamily | 404 14th Ave S, Myrtle Beach, SC 29577 Located just a short walk from the ocean in the heart of Myrtle Beach, this 16-unit multifamily property presents a compelling opportunity for investors seeking immediate cash flow with future upside. The unit mix consists of 9 efficiency units and 7 one-bedroom units, offering a diversified rental profile that caters well to workforce housing, seasonal demand, and beach-area renters. The property’s proximity to the beach, dining, entertainment, and major employment centers supports strong tenant demand and long-term occupancy stability. The asset benefits from its prime coast allocation within an area experiencing continued redevelopment and investment activity, positioning it well for appreciation and rent growth over time. The efficient unit layouts provide strong rent-per-square-foot performance, while the density of 16 units allows for operational economies of scale. There is potential for value-add through interior renovations, modernization of common areas, and improved management strategies, offering a pathway to increase net operating income and overall asset value. This property is well-suited for investors seeking a stabilized multifamily asset with the added optionality of exploring alternative operating strategies, subject to local regulations and approvals. With limited multifamily inventory this close to the ocean, opportunities to acquire assets of this size and unit count in Myrtle Beach remain increasingly scarce. This offering represents a strategic acquisition for both seasoned multifamily investors and those looking to expand their coastal South Carolina portfolio.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$142 USD /SF

# OF UNITS

16

PRICE/UNIT

$78,125

CAP RATE

5.95%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Belvedere

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1954

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.47 AC

LAND SF

20,473 SF

ZONING

MF

APN/PARCEL ID

44311040072

ASK ABOUT THIS PROPERTY

Jeff FormanKeller Williams The Forturro GroupMore Info
843-902-4325

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Jeff FormanKeller Williams The Forturro GroupMore Info
843-902-4325

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