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2010 S Ocean Blvd 68 Unit Apartment Building $7,250,000 ($106,618/Unit) Myrtle Beach, SC 29577
INVESTMENT HIGHLIGHTS
- Prime investment property high traffic area
- Turnkey investment in a prime coastal location
- Completely renovated and converted into a multifamily property in 2023-2024
EXECUTIVE SUMMARY
Presenting an exceptional investment opportunity at 2010 S. Ocean Blvd, Myrtle Beach, SC 29577—a fully renovated 68-unit multifamily property situated directly on Ocean Boulevard. Occupying a prominent corner lot, this offering includes an additional parcel currently utilized as a parking lot, totaling approximately 0.70 acres in one of Myrtle Beach's most desirable markets, just steps away from the Atlantic Ocean. The property offers One bedroom units and Studio units.
Comprehensive Renovations (2023-2024):
Plumbing: Installation of new PEX water lines throughout the building.
Fire Safety: Implementation of a new sprinkler system and fire alarm installation; servicing of all standpipes with AAA Fire Protection.
Interior Upgrades: Drywall and interior painting; replacement of kitchen cabinets and countertops in most units; installation of new PTAC AC units.
Exterior Enhancements: Exterior painting and stucco.
Mechanical Systems: Elevator repairs by Calvinder Elevator company, installation of a new 120-gallon boiler.
Parking & Landscaping: Development of a new parking lot on Cassandra Lane; landscaping completed per City of Myrtle Beach approved plans.
Appliances: Upgraded appliances throughout the units.
Detailed financial documents, including Profit & Loss statements, Capital Expenditure reports, and Rent Rolls, are available and will be shared with qualified buyers upon request.
This property represents a turnkey investment in a prime coastal location, offering significant recent upgrades. This is one of only a few Multifamily buildings allowed on Ocean Blvd
Comprehensive Renovations (2023-2024):
Plumbing: Installation of new PEX water lines throughout the building.
Fire Safety: Implementation of a new sprinkler system and fire alarm installation; servicing of all standpipes with AAA Fire Protection.
Interior Upgrades: Drywall and interior painting; replacement of kitchen cabinets and countertops in most units; installation of new PTAC AC units.
Exterior Enhancements: Exterior painting and stucco.
Mechanical Systems: Elevator repairs by Calvinder Elevator company, installation of a new 120-gallon boiler.
Parking & Landscaping: Development of a new parking lot on Cassandra Lane; landscaping completed per City of Myrtle Beach approved plans.
Appliances: Upgraded appliances throughout the units.
Detailed financial documents, including Profit & Loss statements, Capital Expenditure reports, and Rent Rolls, are available and will be shared with qualified buyers upon request.
This property represents a turnkey investment in a prime coastal location, offering significant recent upgrades. This is one of only a few Multifamily buildings allowed on Ocean Blvd
PROPERTY FACTS
| Price | $7,250,000 | Apartment Style | Low-Rise |
| Price Per Unit | $106,618 | Building Class | B |
| Sale Type | Investment | Building Size | 70,000 SF |
| No. Units | 68 | No. Stories | 5 |
| Property Type | Multifamily | Year Built/Renovated | 1968/2024 |
| Property Subtype | Apartment | ||
| Zoning | TA-120 | ||
| Price | $7,250,000 |
| Price Per Unit | $106,618 |
| Sale Type | Investment |
| No. Units | 68 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Building Size | 70,000 SF |
| No. Stories | 5 |
| Year Built/Renovated | 1968/2024 |
| Zoning | TA-120 |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $109,495 | |
| Land Assessment | $108,975 | Total Assessment | $218,470 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$108,975
Improvements Assessment
$109,495
Total Assessment
$218,470
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2010 S Ocean Blvd
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