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Trey White

treywhite@white-realty.com +1(843) 421-7544

Listed by Jeff Forman • Keller Williams The Forturro G

$ 1,250,000

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Active

404 14th Ave. S Myrtle Beach, SC 29577

6,736 SqFt

UPDATED:

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 6,736 sqft

Price per Sqft $185

Municipality Not within a Subdivision

Subdivision Not Within A Subdivision

MLS Listing ID 2603478

Construction Status Resale

HOA Y/N No

Year Built 1954

Property Sub-Type Apartment

Source CCAR

Property Description

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 coastal location 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.

Location

State SC

County Horry

Community Not Within A Subdivision

Area 16G Myrtle Beach Area--Southern Limit To 10Th Ave N

Building/Complex Name Belvedere

Zoning MF

Interior

Heating Electric

Cooling Wall/ Window Unit(s)

Fireplace No

Exterior

Parking Features Assigned

Community Features Long Term Rental Allowed, Short Term Rental Allowed

Utilities Available Cable Available, Electricity Available, Phone Available, Water Available

Amenities Available Owner Allowed Motorcycle, Pet Restrictions, Tenant Allowed Motorcycle

Building

Lot Description City Lot, Rectangular, Rectangular Lot

Foundation Slab

Water Public

Construction Status Resale

Schools

Elementary Schools Myrtle Beach Elementary School

Middle Schools Myrtle Beach Middle School

High Schools Myrtle Beach High School

Others

Senior Community No

Tax ID 44311040072

Security Features Heat Detector,Smoke Detector(s)

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

Pets Allowed Owner Only, Yes

Coastal Carolinas Multiple Listing Service, Inc (CCMLS)

Trey White

Owner / Broker-In-Charge | License ID: 116175

+1(843) 421-7544 | treywhite@white-realty.com

Trey White

404 14th Ave. S Myrtle Beach, SC 29577

Key Details

Location

Interior

Exterior

Building

Schools

Others

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404 14th Ave. S