Skip to main content

Multifamily

Alder Street Apartments

401 Alder St, Myrtle Beach, SC 29577

Listing Price: $750,000

Cap Rate
5.53%
Number of Units
7
Price/Unit
$107,143
Price/Gross SF
$282.49
Gross SF
2,655

Investment Overview

Marcus & Millichap is pleased to present this exclusive listing of 401 Alder Street in Myrtle Beach, South Carolina. This boutique multifamily asset is located just off Highway 501 with direct access to Business 17 and just blocks from the Myrtle Beach Oceanfront. 401 Alder Streat is currently 100% occupied with strong rental history and below market rents. With the close proximity to the Myrtle Beach Oceanfront allows for a new ownership to explore the short-term rental opportunity or take advantage of the demand of affordable housing for the working class in the Myrtle Beach market. The City of Myrtle Beach is a residential and vacation community at the heart of South Carolina’s Grand Strand coast. With 35,000-plus permanent residents and millions of visitors enjoy wide beaches, warm weather and an incredible range of entertainment and activities. Myrtle Beach is one of the major centers of tourism in South Carolina and the United States. The city’s warm subtropical miles of beaches, 86 golf courses, and 1,800 restaurants attract over 20 million visitors each year, making Myrtle Beach one of the most visited destinations in the country. The Myrtle Beach area is the second-fastest-growing metropolitan area in the country, and more than 104,000 people moved to the Myrtle Beach-Conway-North Myrtle Beach area over eight years, representing in a 27.7% growth in population according to the U.S. Census Bureau.

Investment Highlights

  • Highly Desirable and Walkable to the Myrtle Beach Oceanfront
  • Great Value Add Opportunity with Below Market Rents
  • Perfect Opportunity to Explore the Short-Term Rental Model
  • High Growth Market with Strong Economic Drivers

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (843) 952-2300

    License(s) SC: 86628

    South Carolina

Multifamily

Alder Street Apartments

Listing Price: $750,000

Cap Rate
5.53%
Number of Units
7
Price/Unit
$107,143
Price/Gross SF
$282.49
Gross SF
2,655

Investment Highlights

  • Highly Desirable and Walkable to the Myrtle Beach Oceanfront
  • Great Value Add Opportunity with Below Market Rents
  • Perfect Opportunity to Explore the Short-Term Rental Model
  • High Growth Market with Strong Economic Drivers

Investment Overview

Marcus & Millichap is pleased to present this exclusive listing of 401 Alder Street in Myrtle Beach, South Carolina. This boutique multifamily asset is located just off Highway 501 with direct access to Business 17 and just blocks from the Myrtle Beach Oceanfront. 401 Alder Streat is currently 100% occupied with strong rental history and below market rents. With the close proximity to the Myrtle Beach Oceanfront allows for a new ownership to explore the short-term rental opportunity or take advantage of the demand of affordable housing for the working class in the Myrtle Beach market. The City of Myrtle Beach is a residential and vacation community at the heart of South Carolina’s Grand Strand coast. With 35,000-plus permanent residents and millions of visitors enjoy wide beaches, warm weather and an incredible range of entertainment and activities. Myrtle Beach is one of the major centers of tourism in South Carolina and the United States. The city’s warm subtropical miles of beaches, 86 golf courses, and 1,800 restaurants attract over 20 million visitors each year, making Myrtle Beach one of the most visited destinations in the country. The Myrtle Beach area is the second-fastest-growing metropolitan area in the country, and more than 104,000 people moved to the Myrtle Beach-Conway-North Myrtle Beach area over eight years, representing in a 27.7% growth in population according to the U.S. Census Bureau.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (843) 952-2300

    License(s): SC: 86628

    South Carolina

MM Texture Background
MM Textured Background Lower