Myrtle Beach, SC 29577
- N/ABeds
- N/AFull Baths
- N/AHalf Baths
- 4,054SqFt
- 1954Year Built
- 0.00Acres
- MLS# 2002590
- Residential
- Apartment
- Sold
- Approx Time on Market3 months, 8 days
- AreaMyrtle Beach Area--10th Ave N To 29th Ave N
- CountyHorry
- Subdivision Not within a Subdivision
Overview
This property is an 8 Unit Apartment Complex that enjoys a 100% Occupancy Rate and is a proven and reliable income generating investment. The property is located just 3 Blocks from the beach and across the street from The Myrtle Beach Convention Center and Sheraton Hotel making it the perfect place for those tenants who wish to live and work in the area. The Gross Rental Income Statement and Net Operating Income Statement are available and shows a Capitalization Rate of 9.6%. This apartment complex has undergone complete renovation and will provide worry free income to the investor looking for a lucrative property in the heart of Myrtle Beach.
Sale Info
Listing Date: 02-03-2020
Sold Date: 05-12-2020
Aprox Days on Market:
3 month(s), 8 day(s)
Listing Sold:
5 Year(s), 2 month(s), 14 day(s) ago
Asking Price: $650,000
Selling Price: $550,000
Price Difference:
Reduced By $100,000
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 Frequency: Monthly
Hoa: No
Community Features: LongTermRentalAllowed, ShortTermRentalAllowed
Assoc Amenities: TenantAllowedMotorcycle
Bathroom Info
Total Baths: 0.00
Bedroom Info
Building Info
New Construction: No
Year Built: 1954
Mobile Home Remains: ,No,
Zoning: GR
Construction Materials: BrickVeneer
Buyer Compensation
Exterior Features
Spa: No
Foundation: Crawlspace
Financial
Lease Renewal Option: ,No,
Garage / Parking
Garage: No
Carport: No
Parking Type: Other
Open Parking: No
Attached Garage: No
Green / Env Info
Interior Features
Fireplace: No
Lot Info
Lease Considered: ,No,
Lease Assignable: ,No,
Acres: 0.00
Lot Size: 75x170x74x170
Land Lease: No
Lot Description: CityLot, Rectangular, RectangularLot
Misc
Pool Private: No
Offer Compensation
Other School Info
Property Info
County: Horry
View: No
Number of Units Total: 8
Senior Community: No
Stipulation of Sale: None
Property Sub Type Additional: Apartment,MultiFamily
Property Attached: No
Security Features: FireAlarm, Firewalls, FireSprinklerSystem, HeatDetector, SmokeDetectors
Disclosures: LeadBasedPaintDisclosure
Rent Control: No
Room Info
Basement: ,No,
Basement: CrawlSpace
Sold Info
Sold Date: 2020-05-12T00:00:00
Sqft Info
Building Sqft: 4054
Living Area Source: Owner
Sqft: 4054
Tax Info
Tax Legal Description: Btw Sec; Lt 13 Bl 9
Unit Info
Utilities / Hvac
Heating: Baseboard, Central
Cooling: CentralAir, WallWindowUnits
Electric On Property: No
Cooling: Yes
Utilities Available: CableAvailable, PhoneAvailable, SewerAvailable
Heating: Yes
Waterfront / Water
Waterfront: No
Schools
Elem: Myrtle Beach Elementary School
Middle: Myrtle Beach Middle School
High: Myrtle Beach High School
Directions
From US-17 turn onto 21st Ave. North towards the beach. In 1.1 miles turn right onto Dunbar St. and go .1 mile and property will be on the left.Courtesy of Century 21 The Harrelson Group
MLS# 2104641 
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