505 28Th Ave. N, Myrtle Beach, SC 29577
$1,745,000
Reduced By $245,000
last change 4/8/2025
Less Photos /\
Home 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 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.
- Association Amenities: Laundry, Owner Allowed Motorcycle, Pet Restrictions, Tenant Allowed Motorcycle
- Property Sub Type: Apartment
- Property Sub Type Additional: Apartment, Multi Family
- Property Condition: Resale
Available now at $1,745,000
Rooms
- Year Built: 1966
- BuildingAreaTotal: 6226
- NumberOfUnitsTotal: 19
- Utilities: Cable Available, Electricity Available, Phone Available, Sewer Available, Water Available
- Water Source: Public
- Community Features: Laundry Facilities, Long Term Rental Allowed, Short Term Rental Allowed
Map
Map |
Street
Street |
Birds Eye
Birds Eye
Print Map | Driving Directions
School Information
- Elementary School:Myrtle Beach Elementary School
- Middle School:Myrtle Beach Middle School
- High School:Myrtle Beach High School
Financial
Area Stats
These statistics are updated daily from the Coastal Carolinas Association of REALTORS® MLS. For further analysis or
to obtain statistics not shown below please call Highgarden Real Estate at
(843) 407-3511 and speak with one of our real estate consultants.
Popular Condos
$318,586
$269,900
96
0.0%
47.9%
97
$258,340
$259,985
66
0.0%
27.3%
95
$241,633
$275,000
3
0.0%
66.7%
122
$377,116
$349,825
48
0.0%
45.8%
127
$602,390
$441,950
10
0.0%
30.0%
106
$365,380
$399,000
5
0.0%
40.0%
89
$245,372
$239,900
281
0.4%
50.2%
100
$303,297
$326,187
110
0.0%
40.9%
151
$343,968
$309,250
248
0.0%
48.8%
94
$393,096
$315,000
725
0.0%
49.8%
116
$319,000
$319,000
1
0.0%
100.0%
161
$385,685
$329,900
153
0.0%
47.1%
88
$434,900
$434,900
2
0.0%
0.0%
38
$296,053
$239,700
172
0.0%
46.5%
85
Listing Courtesy of Coastal Vision Properties LLC.
For information or to schedule a viewing of this property (MLS# 2413448), call: 843-407-3511
505 28Th Ave. N, Myrtle Beach SC is a condo of 6226 sqft and
is currently priced at $1,745,000
.
This condo has 0 bedrooms.
In addition to condos, Highgarden also makes it easy to find Homes, Condos, New Homes and Foreclosures
in Myrtle Beach, SC.
Plantation Point, Grande Dunes Members Club and Club Colony Estates are nearby neighborhoods.
MLS 2413448 has been posted on this site since 6/4/2024 (today).