505 28th Avenue North

Myrtle Beach, SC 29577

$1,750,000
Price
—
Beds
6,226 Sq. Ft.
$281 / Sq. Ft.
6,226
Sq. Ft.
$281
per Sq. Ft.

Description

Investment Property with Steady Income: 19-Unit Studio Apartment Building in Myrtle Beach Address: 505 28th Ave N, Myrtle Beach, SC 29577 Welcome to an exceptional investment opportunity located in the vibrant community of Myrtle Beach. This 19-unit apartment building, featuring all studio apartments, offers a reliable income stream and the potential for future growth. Property Highlights: Unit Configuration: All 19 units are studio apartments, thoughtfully designed for efficient living. Note that...Investment Property with Steady Income: 19-Unit Studio Apartment Building in Myrtle Beach Address: 505 28th Ave N, Myrtle Beach, SC 29577 Welcome to an exceptional investment opportunity located in the vibrant community of Myrtle Beach. This 19-unit apartment building, featuring all studio apartments, offers a reliable income stream and the potential for future growth. Property Highlights: Unit Configuration: All 19 units are studio apartments, thoughtfully designed for efficient living. Note that the studios do not include stoves. Occupancy Status: The property maintains a high occupancy rate with 5 units currently vacant and 2 of these units already rented for June, ensuring continued cash flow. On-Site Amenities: A convenient laundry room with 4 machines provides additional income potential and convenience for residents. Community and Tenant Profile: A significant number of residents are veterans benefiting from housing assistance programs, ensuring rent and stability in occupancy. This loyal tenant base contributes to a reliable and predictable income stream, reducing the risks commonly associated with rental properties. Investment Potential: This property is perfectly positioned to capitalize on Myrtle Beach's high demand for affordable housing. The recent rent increase demonstrates the potential for revenue growth, with room for further adjustments in the future. The steady income from veteran tenants and the robust local rental market make this a compelling investment opportunity. Location Benefits: Close proximity to Myrtle Beach's beautiful beaches. Nearby access to shopping, dining, and entertainment options. Excellent connectivity to public transportation and major highways. Don’t miss out on this prime investment in one of South Carolina’s most desirable locations.
  1. Listed by Mike Green • Coastal Vision Properties LLC
  2. Listed by James Green • Coastal Vision Properties LLC

Property Details for 505 28th Avenue North

Subdivision Name
Not within a Subdivision
Zoning
HC-2
Community Features
LaundryFacilities, LongTermRentalAllowed, ShortTermRentalAllowed
LISTING UPDATED: 11/12/2024 11:56 AM

Property Details for 505 28th Avenue North

StatusActive
MLS #2413448
Days on Market174
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Apartment
Year Built1966
Lot Size-
CountyHorry County

Building Information for 505 28th Avenue North

Stories-Year Built1966Building Size-Lot Size-

Property Information for 505 28th Avenue North

Summary
Location and General Information
  • Building Area Total: 6226.0
  • City: Myrtle Beach
  • County Or Parish: Horry
  • Latitude: 33.70868681
  • Longitude: -78.86560293
  • Location: East of Highway 17 Bypass
  • State Or Province: SC
School Information
  • Elementary School: Myrtle Beach Elementary School
  • High School: Myrtle Beach High School
  • Middle Or Junior School: Myrtle Beach Middle School
Taxes and HOA Information
  • Association Amenities: Laundry, OwnerAllowedMotorcycle, PetRestrictions, TenantAllowedMotorcycle
  • Association Fee: $.00
  • Association Fee Frequency: Monthly
  • Association: No
  • Universal Property Id: US-45051-N-42411010019-R-N
Property
Lot Information
  • Additional Parcels Description: ,
  • Living Area Range Source: PublicRecords
  • Parcel Number: 42411010019
Property and Assessments
  • Complex Name: Casa Marina
  • Documents Count: 7
  • Property Condition: Resale
  • Photos Count: 4
Utilities
  • Utilities: CableAvailable, ElectricityAvailable, PhoneAvailable, SewerAvailable, WaterAvailable
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Living Area: 6226.0
  • Living Area Source: PublicRecords
Room Information
Room 1
  • Human Modified: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 19
  • Special Listing Conditions: None
Rental
Rent Information
  • Lease Considered: No
  • Pets Allowed: OwnerOnly, Yes

Property History for 505 28th Avenue North

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 505 28th Avenue North

This home is within Horry County Schools.
Rating
School
Type
Grades
Distance
Myrtle Beach Primary
Public - 1 to 2
Myrtle Beach Elementary
Public - 3 to 5
Myrtle Beach Middle School
Public - 6 to 8
Myrtle Beach High School
Public - 9 to 12
Rating
School
Distance
Myrtle Beach Primary
Public1 to 2

Myrtle Beach Elementary
Public3 to 5

Myrtle Beach Middle School
Public6 to 8

Myrtle Beach High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 505 28th Avenue North, Myrtle Beach, SC 29577

505 28th Avenue North is a single family home for sale in Myrtle Beach, SC 29577. This property was listed for sale on June 4, 2024 by Coastal Vision Properties LLC, it's currently listed at $1,750,000. This listing's school district is Horry County Schools. Nearby schools include Myrtle Beach Primary, Myrtle Beach Elementary and Myrtle Beach Middle School. 505 28th Avenue North is a 0-bed, 0-bath, 6,226 sqft single family home built in 1966.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coastal Vision Properties LLC

Provided courtesy of The Coastal Carolinas Association of REALTORS®. The real estate listing information and related content displayed on Compass is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information and related content is deemed reliable but is not guaranteed accurate by the Coastal Carolinas Association of Realtors MLS. Copyright 2024 of the Coastal Carolinas Association of REALTORS® MLS. All rights reserved.