Investment Overview

Marcus & Millichap is pleased to present Spivey Avenue Apartments, a multifamily opportunity located at 1000 Spivey Avenue in the heart of Myrtle Beach, South Carolina. Situated just a 10-minute walk to beach access, this asset offers investors the rare chance to acquire a coastal apartment community in one of the fastest-growing markets in the state. The property features an efficient and desirable unit mix of all two bedroom, one-bathroom apartments, providing an ideal configuration for long-term tenants, workforce renters, or short-term vacation housing. With rents currently below market levels, investors have immediate value-add potential through interior renovations and strategic rent increases. Located in proximity to Myrtle Beach’s entertainment districts, oceanfront, dining, and retail destinations, Spivey Avenue Apartments is poised to benefit tourism-driven demand. As the surrounding area continues to experience significant growth, this asset is ideal for investors seeking coastal exposure with upside potential.