GARDEN MANOR VILLAGE | Senior Living 100 Garden Manor Ct 39 Unit Apartment Building $9,000,000 ($230,769/Unit) 5.31% Cap Rate Murrells Inlet, SC 29576

Carolina Global Real Estate is pleased to exclusively present Garden Manor Village, a 39-unit senior independent living community located at 100 Garden Manor Court, Murrells Inlet, South Carolina 29576. Offered at $9,000,000, this property represents one of the most compelling value-add senior housing investment opportunities available in the Grand Strand coastal market.
PROPERTY HIGHLIGHTS
Garden Manor Village is an all-inclusive, amenity-rich senior independent living community offering unfurnished apartment homes with full kitchens, in-unit washers and dryers, one daily mid-day meal, weekly housekeeping, all utilities, and scheduled social programming — all included in the monthly rental rate. The no-security-deposit move-in policy and pet-friendly environment are significant competitive differentiators that support lease-up velocity and tenant retention. The community is 100% non-medical, independent living, avoiding the heavy regulatory burden of assisted or skilled nursing facilities.
The property consists of 39 total units: 20 two-bedroom/two-bath apartments (992 SF), 4 one bedroom XL /one-bath apartments (645 SF), and 15 one-bedroom/one-bath apartments (575 SF), plus one on-site manager unit. Monthly market rents range from $2,095 to $2,995 depending on unit type and occupancy.
FINANCIAL OVERVIEW
The trailing 12-month financials (March 2025 – February 2026) reflect gross rental revenue of $716,916 and a net operating income of $477,967, representing a 66.7% NOI margin — exceptional for the senior housing asset class.

EXPANSION POTENTIAL — 16-UNIT ADDITION
A 16-unit addition is fully prepared and ready for contractor bidding, significantly reducing pre-development timeline. A 55-unit stabilized community at current market rents is projected to generate approximately $869,000 in annual NOI, implying a stabilized value of $14.5 million at a 6.0% cap rate — representing $5.5 million in value creation above the asking price.
LOCATION
Garden Manor Village is ideally positioned 5 minutes from Garden City Beach and 15 minutes south of Myrtle Beach in the heart of the Grand Strand. Murrells Inlet offers a relaxed coastal lifestyle with immediate access to world-class beaches, championship golf, waterfront dining on the Murrells Inlet Marshwalk, and comprehensive medical infrastructure including Grand Strand Medical Center (MUSC Health) and Tidelands Health. Horry County is one of the fastest-growing retirement destinations in the United States, driven by South Carolina's favorable tax environment, coastal climate, and high quality of life.
For tours, financial package, and due diligence materials, contact:
Jeff Forman Keller Williams The Forturro Group 843-902-4325 Jeff@Forturro.com