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Multifamily

906 3rd Avenue

906 3rd Ave N, Myrtle Beach, SC 29577

Listing Price: $1,550,000

Cap Rate
5.09%
Number of Units
12
GRM
7.86
Occupancy
95.0%
Price/Unit
$129,167

Investment Overview

Marcus & Millichap is pleased to present 906 3rd Avenue, a strategically located value-add opportunity in the heart of Myrtle Beach, South Carolina, one of the fastest-growing real estate markets in the United States. Situated just minutes from the Atlantic Ocean, this asset offers exceptional potential for investors looking to capitalize on Myrtle Beach’s surging population growth, tourism, and economic development. Additionally, the property benefits from excellent access to major thoroughfares, with proximity to retail, hospitality, and entertainment corridors.

This rare investment opportunity offers a chance to reposition or redevelop a well-located asset in a high demand submarket, with potential for income growth and long-term value creation.

Investment Highlights

  • Prime Location in Myrtle Beach – One of the Fastest Growing Markets in the U.S.
  • Proximity to the Beach and Tourist Corridors
  • Outstanding Visibility and Accessibility on 3rd Avenue
  • Significant Value-Add Potential Through Renovation or Redevelopment
  • Ideal for Investors Seeking Long-Term Growth in a High-Traffic Coastal Market
  • Surging Population, Tourism, and Economic Development Support Strong Rental Demand
  • Rare Opportunity to Secure a Strategic Asset in a Coastal City with National Appeal

Exclusively Listed By

Financing By

Multifamily

906 3rd Avenue

Listing Price: $1,550,000

Cap Rate
5.09%
Number of Units
12
GRM
7.86
Occupancy
95.0%
Price/Unit
$129,167

Investment Highlights

  • Prime Location in Myrtle Beach – One of the Fastest Growing Markets in the U.S.
  • Proximity to the Beach and Tourist Corridors
  • Outstanding Visibility and Accessibility on 3rd Avenue
  • Significant Value-Add Potential Through Renovation or Redevelopment
  • Ideal for Investors Seeking Long-Term Growth in a High-Traffic Coastal Market
  • Surging Population, Tourism, and Economic Development Support Strong Rental Demand
  • Rare Opportunity to Secure a Strategic Asset in a Coastal City with National Appeal

Investment Overview

Marcus & Millichap is pleased to present 906 3rd Avenue, a strategically located value-add opportunity in the heart of Myrtle Beach, South Carolina, one of the fastest-growing real estate markets in the United States. Situated just minutes from the Atlantic Ocean, this asset offers exceptional potential for investors looking to capitalize on Myrtle Beach’s surging population growth, tourism, and economic development. Additionally, the property benefits from excellent access to major thoroughfares, with proximity to retail, hospitality, and entertainment corridors. This rare investment opportunity offers a chance to reposition or redevelop a well-located asset in a high demand submarket, with potential for income growth and long-term value creation.

Exclusively Listed By

Financing By

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