Multifamily

25-Unit Myrtle Beach Portfolio

303 27th Ave S, North Myrtle Beach, SC 29582

Listing Price: $2,360,000

Cap Rate
7.00%
Number of Units
25
GRM
8.54
Occupancy
95.00%
Price/Unit
$94,400
Price/Gross SF
$133.83
Gross SF
17,634

Investment Overview

The North Myrtle Beach Portfolio consists of three multifamily properties: Hillside, Beach Walk and Perrin & Holly, totaling 25 units. All three properties are located less than one mile apart and walking distance from the beach select units offer views of the Atlantic Ocean from their doorstep.

This opportunity allows an investor to capture stabilized income-producing rental properties in a popular coastal market with reliable cash-flow & additional upside. Value-add potential lies in ability to transfer electric/water/sewer utility expenses to tenants and increase monthly rents.

Located off Kings Highway (Hwy 17), all properties are a short drive away to Myrtle Beach International Airport, Coastal Grand Mall, and NMB Downtowns Main Street, lined with many local restaurants and shops. Other nearby attractions include multiple world-class golf courses and resorts, Alligator Adventure, O.D. Pavilion Amusement Park and Cherry Grove Fishing Pier.

Investment Highlights

  • Three Multifamily Properties: Hillside, Beach Walk, and Perrin & Holly
  • 25 Units Total of Which 80% Are Two Bedroom Floorplans
  • Excellent Value-Add Opportunities
  • Properties Can be Sold Separately
  • Recently Renovated
  • All Three Properties Only Steps Away From Ocean Blvd & Within 0.75 Mile Radius

Exclusively Listed By

Multifamily

25-Unit Myrtle Beach Portfolio

Listing Price: $2,360,000

Cap Rate
7.00%
Number of Units
25
GRM
8.54
Occupancy
95.00%
Price/Unit
$94,400
Price/Gross SF
$133.83
Gross SF
17,634

Investment Highlights

  • Three Multifamily Properties: Hillside, Beach Walk, and Perrin & Holly
  • 25 Units Total of Which 80% Are Two Bedroom Floorplans
  • Excellent Value-Add Opportunities
  • Properties Can be Sold Separately
  • Recently Renovated
  • All Three Properties Only Steps Away From Ocean Blvd & Within 0.75 Mile Radius

Investment Overview

The North Myrtle Beach Portfolio consists of three multifamily properties: Hillside, Beach Walk and Perrin & Holly, totaling 25 units. All three properties are located less than one mile apart and walking distance from the beach select units offer views of the Atlantic Ocean from their doorstep.

This opportunity allows an investor to capture stabilized income-producing rental properties in a popular coastal market with reliable cash-flow & additional upside. Value-add potential lies in ability to transfer electric/water/sewer utility expenses to tenants and increase monthly rents.

Located off Kings Highway (Hwy 17), all properties are a short drive away to Myrtle Beach International Airport, Coastal Grand Mall, and NMB Downtowns Main Street, lined with many local restaurants and shops. Other nearby attractions include multiple world-class golf courses and resorts, Alligator Adventure, O.D. Pavilion Amusement Park and Cherry Grove Fishing Pier.

Exclusively Listed By

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