403 14th Ave. S

$3,250,000 | N/A beds | N/A full baths | N/A half baths | 12,726 sqft

$3,250,000 Reduced -$250,000
403 14th Ave. S
Myrtle Beach, SC 29572
  • Withers HtZoning
  • 12,726SqFt
  • 32Units
  • N/ASale/Rent
  • N/AWet Lands
  • 0.52Acres
  • MLS# 2413450
  • Commercial
  • HotelMotel
  • Active

  • Approx Time on Market6 months, 1 day
  • AreaMyrtle Beach Area--Southern Limit To 10th Ave N
  • CountyHorry
  • Subdivision Not within a Subdivision

Overview

Exceptional Investment Opportunity: 32-Unit Apartment Building in Myrtle Beach! Address: 403 14th Ave. S, Myrtle Beach, SC 29577 Discover a prime investment in the heart of Myrtle Beach with this well-maintained 32-unit apartment building, featuring all 1-bedroom units. Located just a short walk from the stunning South Carolina coastline, this property has a steady rental income and significant potential for value enhancement. Property Highlights: Unit Configuration: All 32 units are spacious 1-bedroom apartments, designed to attract long-term tenants and vacation renters alike. Occupancy Status: With a high occupancy rate, only 3 units are currently vacant, and one of these is already rented for June, ensuring a steady cash flow. On-Site Amenities: A convenient laundry room with 4 machines is available, offering additional income potential and convenience for residents. Swimming Pool: Although the pool is not currently functional, it represents an opportunity for renovation and added value, enhancing the appeal of the property. Investment Potential: This property is ideally situated in a highly sought-after area, known for its tourism and vibrant community. The consistent rental income and high demand for housing in Myrtle Beach make this an attractive option for investors. With some improvements, particularly to the pool area, there is significant potential to increase rental rates and overall property value. Location Benefits: Proximity to beautiful beaches. Close to popular dining, shopping, and entertainment venues. Easy access to public transportation and major highways. Dont miss out on this rare opportunity to own a profitable multi-unit property in one of the fastest-growing areas on the East Coast.



Agriculture / Farm

Grazing Permits Blm:  ,No,

Horse:  No

Grazing Permits Forest Service:  ,No,

Grazing Permits Private:  ,No,

Irrigation Water Rights:  ,No,

Farm Credit Service Incl:  ,No,

Crops Included:  ,No,

Association Fees / Info

Hoa:  No

Bathroom Info

Building Info

New Construction:  No

Num Stories:  2

Levels:  Two

Year Built:  1970

Mobile Home Remains:  ,No,

Zoning:  Withers Ht

Building Area Source:  PublicRecords

Buyer Compensation

Exterior Features

Spa:  No

Financial

Lease Renewal Option:  ,No,

Garage / Parking

Garage:  No

Carport:  No

Open Parking:  No

Attached Garage:  No

Interior Features

Fireplace:  No

Lot Info

Lease Considered:  ,No,

Lease Assignable:  ,No,

Acres:  0.52

Land Lease:  No

Misc

Pool Private:  No

Offer Compensation

Property Info

County:  Horry

Current Use:  HotelMotel

View:  No

Number of Units Total:  32

Senior Community:  No

Stipulation of Sale:  None

Habitable Residence:  ,No,

Property Attached:  No

Rent Control:  No

Room Info

Basement:  ,No,

Sold Info

Sqft Info

Sqft:  12726

Tax Info

Unit Info

Utilities / Hvac

Electric On Property:  No

Cooling:  No

Sewer:  PublicSewer

Heating:  No

Waterfront / Water

Waterfront:  No

Courtesy of Coastal Vision Properties Llc 

Mortgage Calculator

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Price & Status History (on legendsresortrealestate.com since Tue, Jun 4th 2024)
  • Original Price: $3,500,000
  • Current Price: $3,250,000
  • Price Reduced: $250,000
Date ChangedFromTo
08/06/2024$3,500,000 $3,250,000 Reduced by $250,000

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MLS IDX data last updated on 12-06-2024 10:31 AM EST.

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