The Belvedere 404 14th Ave S 16 Unit Apartment Building $1,250,000 ($78,125/Unit) 5.95% Cap Rate Myrtle Beach, SC 29577

Investment Opportunity | 16-Unit Multifamily | 404 14th Ave S, Myrtle Beach, SC 29577 Located just a short walk from the ocean in the heart of Myrtle Beach, this 16-unit multifamily property presents a compelling opportunity for investors seeking immediate cash flow with future upside. The unit mix consists of 9 efficiency units and 7 one-bedroom units, offering a diversified rental profile that caters well to workforce housing, seasonal demand, and beach-area renters. The property’s proximity to the beach, dining, entertainment, and major employment centers supports strong tenant demand and long-term occupancy stability. The asset benefits from its prime coast allocation within an area experiencing continued redevelopment and investment activity, positioning it well for appreciation and rent growth over time. The efficient unit layouts provide strong rent-per-square-foot performance, while the density of 16 units allows for operational economies of scale. There is potential for value-add through interior renovations, modernization of common areas, and improved management strategies, offering a pathway to increase net operating income and overall asset value. This property is well-suited for investors seeking a stabilized multifamily asset with the added optionality of exploring alternative operating strategies, subject to local regulations and approvals. With limited multifamily inventory this close to the ocean, opportunities to acquire assets of this size and unit count in Myrtle Beach remain increasingly scarce. This offering represents a strategic acquisition for both seasoned multifamily investors and those looking to expand their coastal South Carolina portfolio.