Investment Overview

Marcus & Millichap is pleased to present Chicora Apartments, a 34-unit multifamily community located in Myrtle Beach, South Carolina. Built in 1963, the property features a mix of one-, two-, and three-bedroom units, providing a diverse and highly marketable unit mix that appeals to a broad tenant base, including workforce housing, service-sector employees, families, and long-term renters. This variety of floor plans enhances leasing flexibility while supporting stable occupancy and consistent rental demand. Chicora Apartments is situated within the Myrtle Beach MSA, a market supported by a diverse economic base driven by tourism, healthcare, retail, and expanding yearround employment. Myrtle Beach continues to experience population growth and sustained rental demand, fueled by in-migration, a relatively affordable cost of living, and limited new supply of smaller-format multifamily properties. The area’s strong employment fundamentals, combined with its coastal lifestyle and regional accessibility, contribute to stable occupancy levels and long-term rent growth. The property offers investors an opportunity to acquire a well-located coastal asset with durable cash flow and future upside. Value can be realized through continued operational efficiencies and targeted interior improvements, while the mix of unit sizes allows for strategic rent optimization across different tenant profiles. Chicora Apartments is well suited for investors seeking a manageable-scale multifamily asset in one of South Carolina’s most active and resilient coastal markets.