Investment Overview

Marcus & Millichap is pleased to present 304 2nd Avenue, a well-located multifamily asset in Myrtle Beach, South Carolina. Just a 10-bminute walk from the beach, this property offers a compelling investment opportunity in one of the fastest-growing coastal markets in the United States. The unit mix includes two-bedroom, one-bedroom, and studio apartments, appealing to a wide range of tenant profiles, from seasonal renters to long-term residents. Thoughtfully maintained by current ownership, $34,754 has already been invested in capital expenditures, including two renovated units and a new HVAC system. With Myrtle Beach's booming tourism and housing demand, a new owner has the opportunity to continue this value-add strategy and capitalize on under-market rents through strategic interior upgrades. Located near retail, restaurants, and oceanfront amenities, 304 2nd Avenue is ideally positioned for both consistent rental income and long-term appreciation. As the surrounding area continues to experience strong population growth, increasing job opportunities, and elevated rental demand, this asset is well suited for both seasoned investors and those entering the coastal multifamily market.