Myrtle Beach, SC 29572
- N/ABeds
- N/AFull Baths
- N/AHalf Baths
- 4,125SqFt
- 1969Year Built
- 0.00Acres
- MLS# 2403857
- Residential
- MultiFamily
- Sold
- Approx Time on Market1 month, 3 days
- AreaMyrtle Beach Area--48th Ave N To 79th Ave N
- CountyHorry
- SubdivisionNot Within A Subdivision
Overview
This is a super rare opportunity to own a 5-plex multifamily dwelling walking distance to the beach and some of the best restaraunts in Myrtle Beach. All 5 units are currently rented with long term renters in place. 3 of the units have been totally renovated with LVP/laminate flooring/new carpets, updated bathrooms, etc. The remaining 2 units have older-features with tenants in place that have lived there approx 10 years. Bringing in incredible rental income each month. Water is included in their rent- seller pays 1 water bill for all 5 units, and City of MB utility company includes weekly trash pick up (5 trash cans). Yearlong leases for each tenant, with a 60-day kick out clause if new owners want to give any of the tenants notice after closing. The crawlspace recently has been completely redone. All new fencing in the back to give each unit a private fenced-in backyard area. Large corner lot with beautiful mature oaks surrounding, located just 2 blocks to the beach! Parking lot has been resealed with new parking bumpers added, newly painted exterior doors & shutters, updated landscaping & tree trimming, new fencing in the back yards, roof replaced in 2017. This is an incredible investment opportunity to bring in immediate income upon closing, right in the heart of Myrtle Beach. Close to schools, grocery, dining, shopping and entertainment, and just a 5 minute walk to the ocean.
Sale Info
Listing Date: 02-14-2024
Sold Date: 03-18-2024
Aprox Days on Market: 
1 month(s), 3 day(s)
Listing Sold: 
1 month(s), 17 day(s) ago
Asking Price: $895,000
Selling Price: $880,000
Price Difference:
Reduced By $15,000
Agriculture / Farm
Grazing Permits Blm: ,No,
Horse: No
Grazing Permits Forest Service: ,No,
Grazing Permits Private: ,No,
Irrigation Water Rights: ,No,
Farm Credit Service Incl: ,No,
Crops Included: ,No,
Association Fees / Info
Hoa Frequency: Monthly
Hoa: No
Community Features: LongTermRentalAllowed
Assoc Amenities: OwnerAllowedMotorcycle, PetRestrictions, TenantAllowedMotorcycle
Bathroom Info
Total Baths: 0.00
Bedroom Info
Building Info
New Construction: No
Year Built: 1969
Mobile Home Remains: ,No,
Zoning: RMH
Construction Materials: BrickVeneer
Buyer Compensation
Exterior Features
Spa: No
Foundation: Crawlspace
Financial
Lease Renewal Option: ,No,
Garage / Parking
Garage: No
Carport: No
Parking Type: TwoSpaces
Open Parking: No
Attached Garage: No
Green / Env Info
Interior Features
Fireplace: No
Lot Info
Lease Considered: ,No,
Lease Assignable: ,No,
Acres: 0.00
Land Lease: No
Lot Description: CornerLot, CityLot
Misc
Pool Private: No
Pets Allowed: OwnerOnly, Yes
Offer Compensation
Other School Info
Property Info
County: Horry
View: No
Number of Units Total: 5
Senior Community: No
Stipulation of Sale: None
Property Sub Type Additional: MultiFamily,Other
Property Attached: No
Rent Control: No
Construction: Resale
Room Info
Basement: ,No,
Basement: CrawlSpace
Sold Info
Sold Date: 2024-03-18T00:00:00
Sqft Info
Building Sqft: 4125
Living Area Source: PublicRecords
Sqft: 4125
Tax Info
Unit Info
Utilities / Hvac
Heating: Central, Electric
Cooling: CentralAir
Electric On Property: No
Cooling: Yes
Utilities Available: ElectricityAvailable, SewerAvailable, WaterAvailable
Heating: Yes
Water Source: Public
Waterfront / Water
Waterfront: No
Schools
Elem: Myrtle Beach Elementary School
Middle: Myrtle Beach Middle School
High: Myrtle Beach High School
Courtesy of Century 21 Barefoot Realty