Investment Overview

Marcus & Millichap is pleased to present 609 4th Avenue, a well-positioned multifamily investment opportunity in Myrtle Beach, South Carolina. This asset offers investors the rare chance to acquire a coastal apartment community in one of the fastest-growing markets in the state. Comprised of primarily two- and three-bedroom units, along with one one-bedroom unit, the property offers flexible layouts to meet diverse renter demand. Positioned just a ten-minute walk from beach access, the property enjoys strong tenant appeal due to its close proximity to Myrtle Beach’s shoreline, shopping, dining, and local attractions. Thoughtfully maintained by current ownership, recent capital improvements include one interior renovation totaling $6,990 and the replacement of one HVAC system and water heater, totaling $1,500. These updates allow new ownership to benefit from reduced maintenance and the potential to continue an in-place value add strategy through further renovations and rent increases. This property represents a compelling opportunity for investors seeking a long-term, beach-proximate multifamily asset in a supplyconstrained market that is poised for expansion.