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Perfect multi-family property for a savvy investor, consisting of eight (8) units and three buildings. The 100% occupied property that has been practically torn down and rebuilt including a new sprinkler system and a new fire alarm system in six of the eight units. The large two story, six unit building has over 3,000 sq ft under roof and was taken down to the fountain and even half of the fountain was replaced. Everything short of the front brick wall is brand new. The two all brick houses on the property consist of app 2,375 sq ft under roof combined. A large majority of the units also have been renovated including the subfloors, the floors, a majority of the sheetrock, new windows, new HVAC’s, the majority of the electrical wiring as well as new shingles on the roof. The large building consists of four (4) one bedroom, one bath units and two (2) two bedroom, one bath units. Home #1 consist of two bedrooms, one bath and Home #2 consist of three bedrooms, two baths. The total for the entire property is app. 5,450 sq ft under roof, eight units and 13 bedrooms. At asking price the property is a 9.6% cap rate. The property is right beside the city of Myrtle Beach’s Garden of Hope community park. Also located blocks from the Myrtle Beach Convention center and Sheraton Hotel. This property is centrally located and convenient for tenants that work in the service industry since it is so close to the Ocean Front hotels.
Exterior Features: Short Term Rental Allowed,Long Term Rental Allowed,Tenant Allowed Motorcycle
Lot Description: Inside City Limits
Schools: Elementary: Myrtle Beach Elementary School / Middle: Myrtle Beach Middle School / High: Myrtle Beach High School
This information is deemed reliable, but not guaranteed. Neither the Coastal Carolinas Association of REALTORS, nor the listing broker, nor their agents or subagents are responsible for the accuracy of the information. The buyer is responsible for verifying all information. This information is provided by the Coastal Carolinas Association of REALTORS and CENTURY 21 Broadhurst for use by its members and is not intended for use for any other purpose. Copyright 2018
Beachcomber Vacations is a professional vacation rental management and real estate company located in North Myrtle Beach, South Carolina. Open since 1985, we have over 20 years of experience and one of the widest selection of North Myrtle Beach condos, North Myrtle Beach condo rentals, vacation rentals, and beach and vacation home rentals of any other management company on the Grand Strand, SC. When you're searching for vacation North Myrtle Beach, look no further than Beachcomber.