412 27th Ave N - Multi-Family FOR SALE


Myrtle Beach, SC 29577- Downtown Myrtle Beach
$1,849,000 USD
843-902-4325
412 27th Ave N, Myrtle Beach, SC for Sale
$1,849,000 USD
Multi-Family - FOR SALE
1/28
null | Request Cap Rate

412 27th Ave N
Myrtle Beach, SC 29577
Downtown Myrtle Beach


HIGHLIGHTS

  • Fully Renovated units
  • 2 minute walk to Atlantic Ocean
  • Long Term and Short Term Rentals Allowed
  • Excellent Income Potential

OVERVIEW

Seize the chance to own a fully upgraded, income-producing property just a short walk from the ocean in the heart of Myrtle Beach. This exceptional asset features six renovated townhouse-style units situated on MU-H zoned land, offering flexibility and strong rental upside. Short-term rentals are permitted, and with some tenants already in place, investors can benefit from immediate income potential. The property includes two front units measuring approximately 1,030 square feet and four additional units at roughly 1,047 square feet each. Select residences feature private fenced backyards with outdoor seating and grills, adding to guest appeal and rental demand. Each unit is individually metered for water and electric, allowing owners to control expenses, simplify management, and enhance profitability. Inside, every unit showcases a bright, open-concept layout with generous living space, full kitchens outfitted with new cabinetry and appliances, and comfortable bedrooms. All units are fully furnished and styled with a modern, clean aesthetic—making this a true turnkey opportunity. Extensive renovations were completed throughout the entire building, including upgraded plumbing and electrical systems, expanded living areas created by reconfigured walls, brand-new doors and windows, and beautifully finished tile showers with contemporary fixtures. All HVAC systems were replaced in 2023, ensuring efficiency and reliability. Additional exterior improvements include a newly constructed retaining wall and full privacy fencing surrounding the property. Ideally located minutes from Myrtle Beach’s restaurants, shopping, entertainment, and iconic attractions, this property combines location, condition, and income potential in one compelling package. A rare opportunity to acquire a stabilized, coastal investment ready to perform from day one.

FOR SALE DETAILS

PRICE

$1,849,000 USD

PRICE/SF

$293 USD /SF

# OF UNITS

6

PRICE/UNIT

$308,167

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

412 27th Ave N 6 Unit Fully Renovated!

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments, Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1986

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

MF

APN/PARCEL ID

42411010007

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.