Myrtle Beach, SC 29572 403 14th Ave. S

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Presented By: Coastal Vision Properties LLC;
  • MLS# 2413450
  • 06/04/2024
  • Request Tour
  • Request Info
  • SQFT • 12,726

Home Details

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. Don’t miss out on this rare opportunity to own a profitable multi-unit property in one of the fastest-growing areas on the East Coast.
Presented By: Coastal Vision Properties LLC;

Interior Features for 403 14th Ave. S

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NNo

General for 403 14th Ave. S

Additional Parcels Y/NNo
Attached Garage No
Business TypeHotelMotel, Hospitality
Carport Y/NNo
CityMyrtle Beach
CountyHorry
Current UseHotelMotel
Electric On Property Y/NNo
Garage Y/NNo
HOANo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
MLS Area16G Myrtle Beach Area--Southern Limit to 10TH Ave N
MobileHomeRemainsYNNo
New ConstructionNo
Number Of Units Total32
PossessionClosing
Property Attached Y/NNo
Property SubtypeHotelMotel
Property TypeCommercialSale
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Standard StatusActive
StatusActive
Stories2
Subdivision NameNot within a Subdivision
Waterfront Y/NNo
Year Built1970
ZoningWithers Ht

Exterior for 403 14th Ave. S

Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.52
Lot Size SourcePublicRecords
Open Parking Y/NNo
SpaNo

Additional Details

Price History

Marihelen Hower

Real Estate Sales
Price $3,245,000
MLS#2413450
List Date 06/04/2024
Property Type Commercial
Phone 717.437.0169
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