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Multifamily

Woodlands

505 63rd Ave N, Myrtle Beach, SC, Myrtle Beach, SC 29572

Listing Price: Request For Offer

Number of Units
9
Occupancy
97.5%
Gross SF
10,300

Investment Overview

Marcus and Millichap is please to present the Woodlands Townhouses in Myrtle Beach, SC. The subject property is 9 total units consisting of all 2 Bedrooms and 2 Bathrooms units. These units include multiple updates with new flooring, paint, parking lot, HVAC units and much more. Tenants are responsible for all utility responsibilities so it will be very easy to manage. The Woodlands Townhouses are within 3 blocks of the Myrtle Beach Grand strand and a main beach access point. The subject property is currently 100% Occupied with a strong rental history and still room to improve rents in the future. The subject property is well located in North Myrtle Beach only 10 minutes from Broadway at the Beach, 1 mile from Pine Lakes Country Club, 2.5 Miles from the Dunes Golf and Beach Club, and only 3 blocks off the Beach. A new report from the U.S. Census Bureau ranked Myrtle Beach the second-fastest growing metropolitan area in the country based on percent population growth between 2017-18. ... More than 17,000 people moved to the area between 2017-2018, representing a 3.8 percent growth. This is an excellent opportunity for an investor to purchase townhouse priced less than $115,000 a unit.

Investment Highlights

  • Over a Six Cap Rate
  • All 2 Bedroom 2 Bathroom Units
  • Close Proximity to Beach Access

Exclusively Listed By

Listing Price: Request For Offer

Number of Units
9
Occupancy
97.5%
Gross SF
10,300

Investment Highlights

  • Over a Six Cap Rate
  • All 2 Bedroom 2 Bathroom Units
  • Close Proximity to Beach Access

Investment Overview

Marcus and Millichap is please to present the Woodlands Townhouses in Myrtle Beach, SC. The subject property is 9 total units consisting of all 2 Bedrooms and 2 Bathrooms units. These units include multiple updates with new flooring, paint, parking lot, HVAC units and much more. Tenants are responsible for all utility responsibilities so it will be very easy to manage. The Woodlands Townhouses are within 3 blocks of the Myrtle Beach Grand strand and a main beach access point. The subject property is currently 100% Occupied with a strong rental history and still room to improve rents in the future. The subject property is well located in North Myrtle Beach only 10 minutes from Broadway at the Beach, 1 mile from Pine Lakes Country Club, 2.5 Miles from the Dunes Golf and Beach Club, and only 3 blocks off the Beach. A new report from the U.S. Census Bureau ranked Myrtle Beach the second-fastest growing metropolitan area in the country based on percent population growth between 2017-18. ... More than 17,000 people moved to the area between 2017-2018, representing a 3.8 percent growth. This is an excellent opportunity for an investor to purchase townhouse priced less than $115,000 a unit.

Exclusively Listed By

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