12 N Dogwood Dr - Apartments FOR SALE


Surfside Beach, SC 29575
$1,300,000 USD
843-667-0319
12 N Dogwood Dr, Surfside Beach, SC for Sale
$1,300,000 USD
Apartments - FOR SALE
1/52
null | 5.2% Cap Rate

12 N Dogwood Dr
Surfside Beach, SC 29575


HIGHLIGHTS

  • Four individual units - NO HOA/POA!!
  • Turn-key investment opportunity with strong long term and short term/vacation rental history. Current management company could stay in place.
  • 3 Blocks to Atlantic Ocean and the brand new Surfside Beach Pier, restaurants, bars, and shops,
  • Units renovated 2023/24. Three fully furnished. New roof 2023. New Large Concrete Driveways. AC units less than 5 years old.
  • Small percentage owner finance possible under current bank rate (Must have perfect credit/ high net worth)
  • Easy to manage from anywhere with our cameras, electronic monitored locks, or continue to use experienced property managers with 30 years experience.

OVERVIEW

RARE and UNIQUE! Single building with four individual townhouse units. No HOA/POA!! Turn-key investment opportunity with strong long term and short term/vacation rental history. Situated just 3 blocks from the ocean in Surfside Beach, SC, Sea Pine Villas features a new roof as well as large, new concrete driveways with excellent drainage and ample parking on both sides. Three professionally renovated units are fully furnished and have proven to be stylish, popular and well-reviewed vacation rentals, while the fourth unit remains a consistently reliable annual rental with a current month to month lease in place. 2bd 2bathroom Each renovated unit features electronic locks, LVP flooring in the living, bath, and dining areas, and carpet in the bedrooms. The living rooms feature soaring 16' vaulted ceilings, ceiling fans and gorgeous natural light from large windows. A glass door leads to the side courtyards, complete with 6' privacy fences, patio seating, and outdoor showers. The three renovated units have ample seating and wall-mounted smart TVs. All six furnished bedrooms have plush queen sized beds, wall mounted smart TVs, large closets, ceiling fans, nightstands, and wall mounted reading lights. The six renovated baths feature classy white subway tile, stylish vessel sinks, granite countertops and tub/shower combos. The fully equipped kitchens, with granite countertops and tile backsplashes, include a stainless undermount sink with garbage disposal, matching appliances, and over-the-range microwaves. All units include a large capacity washer and dryer. Additional information, including rental income/expenses and AirBnb listing links can be found in the attached document.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$298 USD /SF

# OF UNITS

4

PRICE/UNIT

$325,000

CAP RATE

5.2%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sea Pine Villas

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1988

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,543 SF

ZONING

Long or Short Term Rental

APN/PARCEL ID

46107020139

ASK ABOUT THIS PROPERTY

Bill StantonAlcala Property ManagementMore Info
843-667-0319

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Bill StantonAlcala Property ManagementMore Info
843-667-0319

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.