505 28th Ave. N
Myrtle Beach, SC 29577
- N/ABeds
- N/AFull Baths
- N/AHalf Baths
- 6,226SqFt
- 1966Year Built
- 0.00Acres
- MLS# 2413448
- Residential
- Apartment
- Active
- Approx Time on Market5 months, 10 days
- AreaMyrtle Beach Area--10th Ave N To 29th Ave N
- CountyHorry
- Subdivision Not within a Subdivision
Overview
Investment Property with Steady Income: 19-Unit Studio Apartment Building in Myrtle Beach Address: 505 28th Ave N, Myrtle Beach, SC 29577 Welcome to an exceptional investment opportunity located in the vibrant community of Myrtle Beach. This 19-unit apartment building, featuring all studio apartments, offers a reliable income stream and the potential for future growth. Property Highlights: Unit Configuration: All 19 units are studio apartments, thoughtfully designed for efficient living. Note that the studios do not include stoves. Occupancy Status: The property maintains a high occupancy rate with 5 units currently vacant and 2 of these units already rented for June, ensuring continued cash flow. On-Site Amenities: A convenient laundry room with 4 machines provides additional income potential and convenience for residents. Community and Tenant Profile: A significant number of residents are veterans benefiting from housing assistance programs, ensuring rent and stability in occupancy. This loyal tenant base contributes to a reliable and predictable income stream, reducing the risks commonly associated with rental properties. Investment Potential: This property is perfectly positioned to capitalize on Myrtle Beach's high demand for affordable housing. The recent rent increase demonstrates the potential for revenue growth, with room for further adjustments in the future. The steady income from veteran tenants and the robust local rental market make this a compelling investment opportunity. Location Benefits: Close proximity to Myrtle Beach's beautiful beaches. Nearby access to shopping, dining, and entertainment options. Excellent connectivity to public transportation and major highways. Dont miss out on this prime investment in one of South Carolinas most desirable locations.
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: LaundryFacilities, LongTermRentalAllowed, ShortTermRentalAllowed
Assoc Amenities: Laundry, OwnerAllowedMotorcycle, PetRestrictions, TenantAllowedMotorcycle
Bathroom Info
Total Baths: 0.00
Bedroom Info
Building Info
New Construction: No
Year Built: 1966
Mobile Home Remains: ,No,
Zoning: HC-2
Buyer Compensation
Exterior Features
Spa: No
Financial
Lease Renewal Option: ,No,
Garage / Parking
Garage: No
Carport: No
Open Parking: No
Attached Garage: No
Green / Env Info
Interior Features
Fireplace: No
Lot Info
Lease Considered: ,No,
Lease Assignable: ,No,
Acres: 0.00
Land Lease: No
Misc
Pool Private: No
Pets Allowed: OwnerOnly, Yes
Offer Compensation
Other School Info
Property Info
County: Horry
View: No
Number of Units Total: 19
Senior Community: No
Stipulation of Sale: None
Habitable Residence: ,No,
Property Sub Type Additional: Apartment,MultiFamily
Property Attached: No
Disclosures: LeadBasedPaintDisclosure
Rent Control: No
Construction: Resale
Room Info
Basement: ,No,
Sold Info
Sqft Info
Building Sqft: 6226
Living Area Source: PublicRecords
Sqft: 6226
Tax Info
Unit Info
Utilities / Hvac
Electric On Property: No
Cooling: No
Utilities Available: CableAvailable, ElectricityAvailable, PhoneAvailable, SewerAvailable, WaterAvailable
Heating: No
Water Source: Public
Waterfront / Water
Waterfront: No
Schools
Elem: Myrtle Beach Elementary School
Middle: Myrtle Beach Middle School
High: Myrtle Beach High School
Courtesy of Coastal Vision Properties Llc
MLS# 2423376 
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