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304 1st Ave N 4 Unit Apartment Building $879,000 ($219,750/Unit) Myrtle Beach, SC 29577
Investment Highlights
- 4 Unit Multifamily Property in a great location!
Executive Summary
Welcome to 304 1st Avenue, Myrtle Beach, SC 29577, An Exceptional Investment Opportunity just one block from the AtlanticOcean in the heart of Myrtle Beach. Situated on a generous 0.21 acre lot, this unique property features two duplex buildingsoffering four spacious 2 bedroom units and a total of approximately 3,390 heated square feet. Renovated in 2022, the front duplex includes two well-appointed 2-bedroom units totaling approximately 2,100 heated square feet. Each unit features a large private balcony, creating an inviting outdoor space perfect for enjoying the coastal breeze. The rear duplex offers two additional 2bedroom units totaling approximately 1,290 heated square feet, providing additional rental flexibility and strong income potential. Located in the highly desirable MU H zoning district, the property allows for both short term and long-term rentals, making it an ideal opportunity for investors seeking a versatile income producing asset.
With no HOA fees, owners benefit from maximum flexibility and minimal overhead. Positioned in the center of Myrtle Beach, this property is just steps from the beach, 2nd Avenue Pier and within walking distance to the area's most popular attractions, restaurants, entertainment, and shopping. Enjoy the convenience of coastal living while taking full advantage of the strong rental demand that Myrtle Beach is known for. A rare opportunity to own a multi-unit property in one of Myrtle Beach’s most sought-after locations.
With no HOA fees, owners benefit from maximum flexibility and minimal overhead. Positioned in the center of Myrtle Beach, this property is just steps from the beach, 2nd Avenue Pier and within walking distance to the area's most popular attractions, restaurants, entertainment, and shopping. Enjoy the convenience of coastal living while taking full advantage of the strong rental demand that Myrtle Beach is known for. A rare opportunity to own a multi-unit property in one of Myrtle Beach’s most sought-after locations.
Property Facts
| Price | $879,000 | Building Class | C |
| Price Per Unit | $219,750 | Lot Size | 0.20 AC |
| Sale Type | Investment | Building Size | 3,390 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1970 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | MF - Multi Family | ||
| Price | $879,000 |
| Price Per Unit | $219,750 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 3,390 SF |
| No. Stories | 2 |
| Year Built | 1970 |
| Opportunity Zone |
Yes |
| Zoning | MF - Multi Family |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Heating
- Refrigerator
- Oven
- Range
- Wi-Fi
- Deck
Site Amenities
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 4 | - | - |
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 44305030064 | Improvements Assessment | $197,529 |
| Land Assessment | $304,500 | Total Assessment | $502,029 |
Property Taxes
Parcel Number
44305030064
Land Assessment
$304,500
Improvements Assessment
$197,529
Total Assessment
$502,029
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304 1st Ave N
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