Multifamily

Downtown Myrtle Beach Portfolio

406 5th Ave N, Myrtle Beach, SC 29577

Listing Price: $16,900,000

Cap Rate
5.50%
Number of Units
106
Price/Unit
$159,434
Price/Gross SF
$210.33
Gross SF
80,350

Investment Overview

Marcus & Millichap is pleased to present for sale the Downtown Myrtle Beach Portfolio. The offering includes a mix of ten short term and long-term rental properties, ranging from 6-34 units each. Every property is in a premier location within blocks of the beach. The most properties were built in the mid 1980’s-mid 1990’s, and one property was constructed in 1944. All properties have been partially renovated and well-maintained by current ownership. Furniture is included in the Americana hotel offering. Further details on renovations to specific properties are detailed on pages 22-24. All properties are located within a five-mile radius of each other, and have high historical occupancy. The offering consists of one, two and three bedrooms, but the majority of the units (49%) are two-bedroom layouts.

Investment Highlights

  • Located in One of the Top Tourist Destinations in the United States
  • All Properties are Within Four Blocks of the Beach
  • New Ownership has the Opportunity to Convert More Units into Short Term Rentals

Exclusively Listed By

Multifamily

Downtown Myrtle Beach Portfolio

Listing Price: $16,900,000

Cap Rate
5.50%
Number of Units
106
Price/Unit
$159,434
Price/Gross SF
$210.33
Gross SF
80,350

Investment Highlights

  • Located in One of the Top Tourist Destinations in the United States
  • All Properties are Within Four Blocks of the Beach
  • New Ownership has the Opportunity to Convert More Units into Short Term Rentals

Investment Overview

Marcus & Millichap is pleased to present for sale the Downtown Myrtle Beach Portfolio. The offering includes a mix of ten short term and long-term rental properties, ranging from 6-34 units each. Every property is in a premier location within blocks of the beach. The most properties were built in the mid 1980’s-mid 1990’s, and one property was constructed in 1944. All properties have been partially renovated and well-maintained by current ownership. Furniture is included in the Americana hotel offering. Further details on renovations to specific properties are detailed on pages 22-24. All properties are located within a five-mile radius of each other, and have high historical occupancy. The offering consists of one, two and three bedrooms, but the majority of the units (49%) are two-bedroom layouts.

Exclusively Listed By

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