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403 14th Ave S
Myrtle Beach, SC 29577
Multifamily Property For Sale
·
32 Units
Investment Highlights
- 32 updated one-bedroom units offering modern finishes, steps from the beach
- Recent major upgrades include new flooring, renovated interiors, and 2023 roof replacement
- Convenient access to Myrtle Beach International Airport and U.S. Highway 17
- Situated on a generous 0.52-acre lot with flexible rental strategies
- Walking distance to Myrtle Beach oceanfront, dining, and entertainment venues
- Established professional management in place with strong rental performance
Executive Summary
This rare 32-unit multi-family asset in the heart of Myrtle Beach is a prime investment opportunity in one of the most dynamic coastal markets on the East Coast. Situated just steps from the Atlantic Ocean, the property offers immediate proximity to world-class beaches, vibrant downtown Myrtle Beach, golfing destinations, and entertainment hubs. Recent upgrades include new flooring, renovated kitchens and bathrooms, updated fixtures, and a roof replacement in 2023. These improvements make it a turnkey acquisition for investors seeking a stabilized yet value-enhancement asset in a high-demand rental corridor.
Positioned on a sizable 0.52-acre parcel, the property delivers operational flexibility for both short-term vacation rentals and long-term leases, responding to Myrtle Beach’s strong tourism draw and growing residential demand. With strong existing management and proven revenue performance, this opportunity offers current returns and future upside. Located near Myrtle Beach International Airport, major retail corridors, popular dining, and direct freeway access to U.S. Highway 17, the property ensures connectivity to the broader Southeast region. Investors can capture consistent cash flow while leveraging the robust fundamentals of a thriving coastal market.
Positioned on a sizable 0.52-acre parcel, the property delivers operational flexibility for both short-term vacation rentals and long-term leases, responding to Myrtle Beach’s strong tourism draw and growing residential demand. With strong existing management and proven revenue performance, this opportunity offers current returns and future upside. Located near Myrtle Beach International Airport, major retail corridors, popular dining, and direct freeway access to U.S. Highway 17, the property ensures connectivity to the broader Southeast region. Investors can capture consistent cash flow while leveraging the robust fundamentals of a thriving coastal market.
Property Facts
| Price Per Unit | $32,584 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.52 AC |
| No. Units | 32 | Building Size | 16,846 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1970 |
| Apartment Style | Low-Rise |
| Price Per Unit | $32,584 CAD |
| Sale Type | Investment |
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.52 AC |
| Building Size | 16,846 SF |
| No. Stories | 2 |
| Year Built | 1970 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Courtyard
- Picnic Area
- Pool
- Grill
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 32 | - | 398 |
Property Taxes
| Parcel Number | 44314010005 | Improvements Assessment | $1,623,127 CAD |
| Land Assessment | $1,098,697 CAD | Total Assessment | $2,721,824 CAD |
Property Taxes
Parcel Number
44314010005
Land Assessment
$1,098,697 CAD
Improvements Assessment
$1,623,127 CAD
Total Assessment
$2,721,824 CAD
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