300 21st Ave. S,North Myrtle Beach, SC 29582
North Myrtle Beach, SC 29582
Description
Investor Alert - Exceptional Multifamily Opportunity in Crescent Beach! Located just one block from the ocean in the highly sought-after Crescent Beach section of North Myrtle Beach, this rare investment opportunity features three income-producing buildings situated on a single parcel. The property consists of two duplexes and one four-unit building, totaling eight rental units comprised of five 2-bedroom, 1-bath units and three 1-bedroom, 1-bath units. Several long-term tenants are already in place, providing immediate income, while substantial upside remains through rent increases, property improvements, or potential conversion to short-term rentals where permitted. With its prime location and flexible investment potential, this property presents an excellent opportunity for investors seeking both current cash flow and future appreciation. Positioned within walking distance of the beach, restaurants, shopping, and entertainment, the property is ideally suited for a variety of investment strategies, including long-term rentals, vacation rentals, or a value-add repositioning project. Opportunities to acquire multiple buildings on one parcel this close to the ocean are increasingly difficult to find. Whether you're looking to expand your portfolio or capitalize on a redevelopment and income-growth opportunity, this Crescent Beach property offers tremendous potential in one of the Grand Strand's most desirable coastal markets.
Details
| MLS # | 2615227 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1950 |
| Days On Site | 133 |
| Listing Provided By | Keller Williams The Forturro Group | Dominic Siciliano |
Features
| SQ Feet | 4,560 |
|---|---|
| Car Port | Yes |
| Basement | Y |
| Units | 8 |
| Zoning | R4 |
Interior
| Cooling Yes / No | Yes |
|---|---|
| Cooling | Wall Window Units |
| Heating Yes / No | Yes |
| Heating | Electric |
Exterior
| Construction Materials | Wood Frame |
|---|---|
| Foundation Details | Crawlspace |
| Lot Features | City Lot, Irregular Lot |
Parking
| Parking Features | Carport |
|---|
Utilities
| Utilities | Cable Available, Electricity Available, Sewer Available, Water Available |
|---|
Location
| Community Features | Long Term Rental Allowed, Short Term Rental Allowed |
|---|
Area Information
| State | SC |
|---|---|
| County | Horry |
| City | North Myrtle Beach |
| Zip Code | 29582 |
| Area | 11C North Myrtle Beach Area Crescent Beach |
| Community Name | Not within a Subdivision |
| Listing VS Median (in Not within a Subdivision) | |
Price: $875,000 low | high Med: $370,000 sqft: 4,560 low | high Med: 1,598 $ / sqft: $192 low | high Med: $240 On site: 133 low | high Med: 84 | |
Market Activity 29582
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Learn More About This Property
| State | SC |
|---|---|
| County | Horry |
| City | North Myrtle Beach |
| Zip Code | 29582 |
| Area | 11C North Myrtle Beach Area Crescent Beach |
| Community Name | Not within a Subdivision |
| Listing VS Median (in Not within a Subdivision) | |
Price: $875,000 low | high Med: $370,000 sqft: 4,560 low | high Med: 1,598 $ / sqft: $192 low | high Med: $240 On site: 133 low | high Med: 84 | |