Homes for sale in Myrtle Beach SC

Myrtle Beach Real Estate

Apartments 409 & 507 30th Ave S Atlantic Beach

Price:

Homes for sale in Myrtle Beach 843 REALTOR

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Call 1-888-935-8862 for more information on this property
Status: ACTIVE
Asking Price: $999,000
Number of Units: 29
#Efficiency: 11
#1 Br. Units: 15
#2 Br. Units: 3
Class: MULTI-FAMILY
Type: Apartments
MLS #: 1722103
Address: 409 & 507 30th Ave S
City: Atlantic Beach
County: Horry
State: SC
Zip: 29582
Complex Name: Cabanas 1 & 2
Tax Map#: 39201010085
Photo Count: 25
Public Remarks: This is a unique opportunity to own a great rental investment property. It’s return on investment is in the double digits and positive cash flows. This multi-family property is only 3 blocks from the beach and 2 blocks away from Baywatch Resort. This property consists of 4 masonry block buildings and 3 of the building are 2 stories and the 3rd is 1 story. There is a total of 29 unit which comprise of 11 efficiencies, 15 1-bedroom, and 3 2 bedroom units. There is a central large courtyard for tenants to utilize. The roof was replaced in the beginning of 2017. There is an onsite landlord/maintenance person to collect rent and handle day to day operations. This is a very quiet complex and all units stay rented. Most are long term renters. Most rentals are from the local resorts and landscaping companies for their out of state employees. Owner will consider owner financing with sizable down payment. In the Master Plan Atlantic Beach has implemented to revitalize this area, this property would continue to be Mixed Use but reclassified as Mainstreet 1 (MS1). The intent of the MS1 District is to provide for pedestrian oriented low-density development. The setbacks are 10’, maximum height is 5 stories or 55’, whichever is less.
Safety Features
  • Lead Based Paint Disc.
  • Smoke/Heat Detector

Approximate Year Built: 1941
Parking
  • Other

Utilities Owner Pays
  • Electric
  • Trash
  • Water/Sewer

High School: North Myrtle Beach High School
Middle School: North Myrtle Beach Middle School
Elementary School: Ocean Drive Elementary
Lot Location
  • East of Bus. 17
  • Outside City Limits
  • Second Row Other

Lot Description
  • Rectangular

Unit1
  • Efficiency
  • Range/Oven
  • Under 500 SqFt

Unit2
  • 1 Bedroom
  • Range/Oven
  • Refrigerator
  • Under 500 SqFt

Unit3
  • 1 Bathroom
  • 2 Bedroom
  • 501-750 SqFt
  • Range/Oven
  • Refrigerator

Exterior Finish
  • Stucco
  • Wood Frame

Heating & Cooling
  • Electric
  • Space Heater
  • Window/Wall Unit

Foundation
  • Slab

Provided Courtesy of: Century 21 The Harrelson Group
This listing has been viewed 1 times.
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