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Multifamily

404 N 18th Ave & 405 N 19th Ave

404 18th Ave N, Myrtle Beach, SC 29577

Listing Price: Request For Offer

Number of Units
12
Occupancy
95.0%
Gross SF
9,000

Investment Overview

Marcus and Millichap are pleased to present 404 N 18th Ave and 405 N 19th in Downtown Myrtle Beach, SC. The subject properties consist of 11 Multifamily units built in 1984, one single family house. There are three buildings on two connecting parcels. 404 N 18th Ave has one single family house and five multifamily units. 405 N 19th Ave has six multifamily units. The majority are one bedroom and one-bathroom units. Two units are one bedroom and one and a half bathrooms, and one unit is a three bedroom and two and a half bathrooms. Most of the units have been completely renovated and all leased units are on long-term leases. The rental range is $700 to $1,050 for the One bedroom and the 3 Bedrooms house is $1,250. Investors will have the ability to increase rents as you can see there is a large spread in the rental range.

Tenants can walk a block to the beach and have easy access to over 100 restaurants and shops. The subject property is only 3 miles from the Boardwalk where the city has made plans to do a major redevelopment to Downtown Myrtle Beach. The City has already purchased over 18 million in properties that will be renovated or repurposed along Broadway St. and 9th Ave N. This area is home to the Carolina Country Music Festival, which attracts over 35,000 attendees at the beginning of June. This festival is held for three days on 18 acres in downtown Myrtle Beach.

This property is one block from the Beach, 1.2 miles to Broadway at the Beach, .6 mile to the Boardwalk and 4 miles to the Myrtle Beach International Airport. 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 and 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

  • Proximity to the Beach
  • Fastest Growing City in the US
  • Renovated Units

Exclusively Listed By

Financing By

Multifamily

404 N 18th Ave & 405 N 19th Ave

Listing Price: Request For Offer

Number of Units
12
Occupancy
95.0%
Gross SF
9,000

Investment Highlights

  • Proximity to the Beach
  • Fastest Growing City in the US
  • Renovated Units

Investment Overview

Marcus and Millichap are pleased to present 404 N 18th Ave and 405 N 19th in Downtown Myrtle Beach, SC. The subject properties consist of 11 Multifamily units built in 1984, one single family house. There are three buildings on two connecting parcels. 404 N 18th Ave has one single family house and five multifamily units. 405 N 19th Ave has six multifamily units. The majority are one bedroom and one-bathroom units. Two units are one bedroom and one and a half bathrooms, and one unit is a three bedroom and two and a half bathrooms. Most of the units have been completely renovated and all leased units are on long-term leases. The rental range is $700 to $1,050 for the One bedroom and the 3 Bedrooms house is $1,250. Investors will have the ability to increase rents as you can see there is a large spread in the rental range. Tenants can walk a block to the beach and have easy access to over 100 restaurants and shops. The subject property is only 3 miles from the Boardwalk where the city has made plans to do a major redevelopment to Downtown Myrtle Beach. The City has already purchased over 18 million in properties that will be renovated or repurposed along Broadway St. and 9th Ave N. This area is home to the Carolina Country Music Festival, which attracts over 35,000 attendees at the beginning of June. This festival is held for three days on 18 acres in downtown Myrtle Beach. This property is one block from the Beach, 1.2 miles to Broadway at the Beach, .6 mile to the Boardwalk and 4 miles to the Myrtle Beach International Airport. 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 and 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

Financing By

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