Property Listing No Longer Available for Sale

403 13th Avenue South 402 14th Avenue South

Myrtle Beach, SC

Multi-family for Sale - $450,000 - 4,157 Sq. Ft. on 0.47 acres


Property Info

CIMLS#977602
Location
  403 13th Avenue South 402 14th Avenue South
  Myrtle Beach SC 29577
UpdatedFebruary 15th, 2018
TypeMulti-family
Price$450,000
Building4,157 Sq. Ft.
Land0.47 acres

Property Description

Investment Opportunity: two single family homes and a duplex on approx. 0.47 acre located 2.5 blocks from the Atlantic Ocean in Myrtle Beach. Live in the main house and collect rental income from 3 units or rent all 4 units to maximize income. The owner-occupied 3/BR,1.5 BA single family home on 13th Ave S features beautiful restored hardwood floors, sunroom, 2 fireplaces, security system with cameras, and a carport. The duplex (two 1BR/1BA units) and the 3BR/1 BA brick home on 14th Ave S are fully leased. Conveniently located in close proximity to dining, shopping, and entertainment. Flexible MU-H (Mixed-Use, High Density) Zoning allows for multiple uses from single family residential to commercial uses and multi-family/hotel/motel.

The 3 BR/1BA brick single family home at 402 14th Ave S is currently rented for $725/month. The duplex (403-A 13th Ave S) is comprised of two 1 BR/1BA units and is rented for $540/month for the ground floor unit and $675/month for the 2nd floor unit. 403 13th Ave S (3BR/1.5 BA) is owner occupied; therefore, potential rental income from this unit is not listed in Gross Scheduled rent; however, insurance and property taxes for this house are included in Est. Operating Expenses.


Financials