843-952-2267
600 17th Ave N, Myrtle Beach, SC for Sale
Apartments - FOR SALE
1/6
null | Request Cap Rate

600 17th Ave N
Myrtle Beach, SC 29577
Downtown Myrtle Beach


HIGHLIGHTS

  • Proximity to the Beach (0.3 Miles)
  • Ability to Increase Rents by Ten Percent Immediately
  • Myrtle Beach Metro is the Fastest Growing City in South Carolina and Fifth Fastest in the USA
  • Situated Near Broadway at the Beach

OVERVIEW

Marcus & Millichap is pleased to present for sale the multifamily property located at 600 17th Avenue North in Myrtle Beach, South Carolina. Thoughtfully maintained by current ownership, this investment opportunity is comprised of six two-bedroom, one one-bedroom unit, and one three-bedroom unit. . Additionally, the property offers the ability to increase rents ten percent immediately, providing new ownership with enhanced cash flow. Situated just a ten-minute walk from the beach, the property offers rapid access to the amenities that define coastal living. Located only 1.4 miles from Broadway at the Beach, one of Myrtle Beach's premier retail and entertainment hubs, the property ensures tenants have convenient access to a variety of shopping, dining, and entertainment options. This proximity, coupled with the property's desirable location near beach access, ensures consistent tenant demand and long-term occupancy. The fastest growing city in South Carolina and the fifth fastest growing city in the country, Myrtle Beach is lauded for its robust employment base, year-round attractions, and booming tourism industry that draws in over 17 million visitors annually. This offering presents an opportunity to acquire a well-positioned asset in one of South Carolina’s most vibrant and rapidly growing coastal markets.

FOR SALE DETAILS

PRICE

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# OF UNITS

9

CAP RATE

Request Cap Rate

% LEASED

83%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

-

APN/PARCEL ID

42415010058

ASK ABOUT THIS PROPERTY

William GravesMarcus & MillichapMore Info
843-952-2267

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William GravesMarcus & MillichapMore Info
843-952-2267

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