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Bigg Lloyd Dotson

bigg.lloyd.dotson@lptrealty.com +1(833) 275-2444

Listed by Nicholas G Strumke • Century 21 Palms Realty

$ 2,370,000

12,000 SqFt

Save

$ 2,370,000

Save

12,000 SqFt

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 12,000 sqft

Price per Sqft $197

Municipality Not within a Subdivision

Subdivision Not Within A Subdivision

MLS Listing ID 2512828

Construction Status Resale

HOA Y/N No

Year Built 1970

Property Sub-Type Apartment

Source CCAR

Property Description

PRICE REDUCED! Amazing CAP rate now with much more room to grow to even more income. Rare 32-Unit updated Investment Opportunity in the Heart of Myrtle Beach! Don't miss your chance to own this rental powerhouse just steps from the beach and minutes from vibrant downtown Myrtle Beach.The property has had many updates including new flooring, roof in 2023, kitchens, bathrooms, painting, fixtures and more! Situated on a generous 0.52-acre lot, this 32-unit property offers spacious one-bedroom apartments and is perfectly positioned for both short-term and long-term rental strategies. With strong management already in place, this property is performing exceptionally well — and still offers room to grow income even further. Whether you're looking to expand your portfolio or break into one of the Southeast's fastest-growing coastal markets, this is a rare opportunity that checks all the boxes. Located close to Myrtle Beach International Airport, world-class golf courses, popular restaurants, and of course, the ocean, this property offers unmatched convenience for vacationers and long-term tenants alike. Key Highlights: 32 spacious 1-bedroom units Prime 0.52-acre lot just steps from the beach Excellent current rental performance Flexible investment: long-term or short-term rentals Close to airport, golf, dining, and downtown Myrtle Beach Rare high-density opportunity on a large parcel The Myrtle Beach market continues to thrive, and properties like this don't come along often. Schedule your private showing today and secure your place in one of the most dynamic beachside markets on the East Coast!

Location

State SC

County Horry

Community Not Within A Subdivision

Area 16G Myrtle Beach Area--Southern Limit To 10Th Ave N

Zoning Withers HT

Interior

Heating Central, Electric

Cooling Central Air

Fireplace No

Exterior

Parking Features Other

Pool Association, Community

Community Features Pool, Long Term Rental Allowed, Short Term Rental Allowed

Utilities Available Cable Available, Electricity Available, Phone Available, Sewer Available, Underground Utilities, Water Available

Amenities Available Pool, Pet Restrictions

Building

Lot Description City Lot, Irregular Lot

Foundation Slab

Water Public

Construction Status Resale

Schools

Elementary Schools Myrtle Beach Elementary School

Middle Schools Myrtle Beach Middle School

High Schools Myrtle Beach High School

Others

Senior Community No

Tax ID 44314010005

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

Pets Allowed Owner Only, Yes

Coastal Carolinas Multiple Listing Service, Inc (CCMLS)

Schools and Properties Nearby

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(833) 275-2444

bigg.lloyd.dotson@lptrealty.com

Myrtle Beach, SC, 29577, USA

Learn More About LPT Realty

403 14th Ave. S Myrtle Beach, SC 29572