2010 S Ocean Blvd.,Myrtle Beach, SC 29577
Myrtle Beach, SC 29577
Description
Presenting an exceptional investment opportunity at 2010 S. Ocean Blvd, Myrtle Beach, SC 29577-a fully renovated 65-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. Please contact the listing agent to schedule a showing appointment. Measurements and square footage are not guaranteed, buyer or buyer's agent to verify all information.
Details
| MLS # | 2617369 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1968 |
| Days On Site | 87 |
| Listing Provided By | Realty ONE Group Dockside | Liat Edri |
Features
| SQ Feet | 25,011 |
|---|---|
| Units | 65 |
| Zoning | TA -120 |
Interior
| Cooling Yes / No | Yes |
|---|---|
| Cooling | Wall Window Units |
| Heating Yes / No | Yes |
| Heating | Electric |
Exterior
| Security Features | Fire Alarm, Fire Sprinkler System |
|---|---|
| Construction Materials | Brick Veneer, Block, Concrete, Steel |
| Foundation Details | Slab |
| Lot Features | City Lot, Rectangular, Rectangular Lot |
Parking
| Parking Features | Other |
|---|
Utilities
| Utilities | Cable Available, Electricity Available, Other, Sewer Available, Water Available |
|---|
Location
| Community Features | Long Term Rental Allowed, Short Term Rental Allowed |
|---|
Area Information
| State | SC |
|---|---|
| County | Horry |
| City | Myrtle Beach |
| Zip Code | 29577 |
| Area | 16G Myrtle Beach Area Southern Limit to 10TH Ave N |
| Community Name | Not within a Subdivision |
| Listing VS Median (in Not within a Subdivision) | |
Price: $6,750,000 low | high Med: $364,900 sqft: 25,011 low | high Med: 1,640 $ / sqft: $270 low | high Med: $223 On site: 87 low | high Med: 116 | |
Market Activity 29577
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Learn More About This Property
| State | SC |
|---|---|
| County | Horry |
| City | Myrtle Beach |
| Zip Code | 29577 |
| Area | 16G Myrtle Beach Area Southern Limit to 10TH Ave N |
| Community Name | Not within a Subdivision |
| Listing VS Median (in Not within a Subdivision) | |
Price: $6,750,000 low | high Med: $364,900 sqft: 25,011 low | high Med: 1,640 $ / sqft: $270 low | high Med: $223 On site: 87 low | high Med: 116 | |
