507 N Ocean Blvd - Apartments FOR SALE


Myrtle Beach, SC 29577- Downtown Myrtle Beach
$3,790,000 USD
843-222-6357
507 N Ocean Blvd, Myrtle Beach, SC for Sale
$3,790,000 USD
Apartments - FOR SALE
1/3
null | Request Cap Rate

507 N Ocean Blvd
Myrtle Beach, SC 29577
Downtown Myrtle Beach


OVERVIEW

Brand New and Turn-Key 39 door hotel located on North Ocean Blvd, just a short walk from the Sky Wheel and across the streetfrom the Ocean. Modern design and decor, custom showers. Fully operational. The property went through a Complete renovationin 2023-2024. All aspects of the property are new. All electric rewired, all plumbing replaced. All HVAC units NEW. New roof, Newflooring, New bathrooms, NEW furniture, New blinds, NEW appliances and TV's. New Exterior and interior paint, New Sign, NewLobby, New parking. The pool and all common areas were redone in 2024. Commercial laundry facility on site. Multiple storageareas and all parking on site. Opened for business in April of 2024. 509 N. Ocean Blvd is also for sale. It offers additional 24 doorsfor a total of 63 doors. Please call the listing agent for additional information.

FOR SALE DETAILS

PRICE

$3,790,000 USD

PRICE/SF

$94 USD /SF

# OF UNITS

39

PRICE/UNIT

$97,179

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1968

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,664 SF

ZONING

MU -H

APN/PARCEL ID

44408010202

ASK ABOUT THIS PROPERTY

Liat EdriRealty One Group DocksideMore Info
843-222-6357

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Liat EdriRealty One Group DocksideMore Info
843-222-6357

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