Investment Overview

Marcus & Millichap is pleased to present 607 1st Avenue, a well-located multifamily asset in the heart of Myrtle Beach, South Carolina. Just a ten-minute walk from beach access, this property benefits from its prime position within the state’s fastestgrowingnmarket with high rental demand. The property consists primarily of two-bedroom units, appealing to a broad tenant base, especially for those seeking affordability and convenience near the beach. Attracting long-term demand for quality rental housing, Myrtle Beach boasts enduring population growth, tourism appeal, and expanding employment. Well-positioned for durable income, a savvy investor has the opportunity to capitalize on the property’s value-add potential through strategic upgrades and rent optimization. This investment presents a rare opportunity to acquire a coastal multifamily property with long-term appreciation prospects in a supply-constrained, high-growth market.