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Multifamily

The Belvedere

404 14th Ave S, Myrtle Beach, SC 29577

Listing Price: $2,000,000

Cap Rate
4.10%
Number of Units
16
Occupancy
95.0%
Price/Unit
$125,000
Price/Gross SF
$97.69
Gross SF
20,473

Investment Overview

Marcus and Millichap is pleased to present the Belvedere Apartments located at 404 14th Ave S, Myrtle Beach, SC. The subject property is 16 one-bedroom units currently being operated as apartments. This property gives investors the opportunity to convert it into a short-term rental, which should triple the revenue. This property is only two blocks from the beach and is in the downtown Myrtle Beach which has been one of the most popular submarkets in the Southeast. If operated as an apartment there is the ability to increase rents substantially as well.

Investment Highlights

  • Ability to convert into a short-term rental
  • Two Blocks from the beach
  • Located in a top growth submarket

Exclusively Listed By

Multifamily

The Belvedere

Listing Price: $2,000,000

Cap Rate
4.10%
Number of Units
16
Occupancy
95.0%
Price/Unit
$125,000
Price/Gross SF
$97.69
Gross SF
20,473

Investment Highlights

  • Ability to convert into a short-term rental
  • Two Blocks from the beach
  • Located in a top growth submarket

Investment Overview

Marcus and Millichap is pleased to present the Belvedere Apartments located at 404 14th Ave S, Myrtle Beach, SC. The subject property is 16 one-bedroom units currently being operated as apartments. This property gives investors the opportunity to convert it into a short-term rental, which should triple the revenue. This property is only two blocks from the beach and is in the downtown Myrtle Beach which has been one of the most popular submarkets in the Southeast. If operated as an apartment there is the ability to increase rents substantially as well.

Exclusively Listed By

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