1408 Dunbar Street - $630,000 - Contact us!Email us concerning 1408 Dunbar Street
MLS#: 1714219
Address: 1408 Dunbar Street
City / Zip: Myrtle Beach 29577
Neighborhood: Not within a Subdivision
Property Data
Sq Ft: 4386
Year Built: 1965
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Myrtle Beach Not within a Subdivision
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Agents Comments:
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.
Addition Information:
Style: Exterior Features: Short Term Rental Allowed,Long Term Rental Allowed,Tenant Allowed Motorcycle
Parking: Lot Description: Inside City Limits
Schools: Elementary: Myrtle Beach Elementary School / Middle: Myrtle Beach Middle School / High: Myrtle Beach High School

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