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Multifamily

Americana

2803 N Ocean Blvd, Myrtle Beach, SC 29577

Listing Price: $2,500,000

Cap Rate
6.20%
Number of Units
15
Price/Unit
$166,667
Price/Gross SF
$370.26
Gross SF
6,752

Investment Overview

Marcus and Millichap is please to present the Americana, located at 2803 N Ocean Blvd, Myrtle Beach, SC.. The subject property is a 15-unit Airbnb located in the heart of downtown Myrtle Beach, SC. The property provides ocean views to guest with renovated interiors and exteriors. Twelve of the units are one bedroom and one bath measuring 380 square feet. Two Units are two bedrooms and one-bathroom units measuring 1,000 square feet. One unit is one bedroom and one bathroom measuring 750 square feet. This property is only steps from the Beach, 1.7 miles to Broadway at the Beach, and 2 miles to the Boardwalk. Myrtle Beach is the fastest-growing city in the United States, according to a list by U.S. News and World Report. The list ranks cities by net migration for each metro area, measured by growth or decline in population over the last five years. Tripadvisor rated Myrtle Beach as the 3rd most popular summer destination. GolfPass ranked Myrtle Beach as the world’s 13th best golf destination. Investors will be able to take advantage of all the demand generators Myrtle Beach has to offer.

Investment Highlights

  • Ocean Views
  • Two Miles from the Boardwalk
  • Completely Renovated interior and exterior

Exclusively Listed By

Listing Price: $2,500,000

Cap Rate
6.20%
Number of Units
15
Price/Unit
$166,667
Price/Gross SF
$370.26
Gross SF
6,752

Investment Highlights

  • Ocean Views
  • Two Miles from the Boardwalk
  • Completely Renovated interior and exterior

Investment Overview

Marcus and Millichap is please to present the Americana, located at 2803 N Ocean Blvd, Myrtle Beach, SC.. The subject property is a 15-unit Airbnb located in the heart of downtown Myrtle Beach, SC. The property provides ocean views to guest with renovated interiors and exteriors. Twelve of the units are one bedroom and one bath measuring 380 square feet. Two Units are two bedrooms and one-bathroom units measuring 1,000 square feet. One unit is one bedroom and one bathroom measuring 750 square feet. This property is only steps from the Beach, 1.7 miles to Broadway at the Beach, and 2 miles to the Boardwalk. Myrtle Beach is the fastest-growing city in the United States, according to a list by U.S. News and World Report. The list ranks cities by net migration for each metro area, measured by growth or decline in population over the last five years. Tripadvisor rated Myrtle Beach as the 3rd most popular summer destination. GolfPass ranked Myrtle Beach as the world’s 13th best golf destination. Investors will be able to take advantage of all the demand generators Myrtle Beach has to offer.

Exclusively Listed By

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