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409 & 507 30th Ave S, Atlantic Beach, SC 29582

$999,000
Rental Complex For Sale MLS# 1722103 ID: 48251466
$999,000 Get Rates

Apartments - Atlantic Beach, SC
This is a unique opportunity to own a great rental investment property. It’s return on investment is in the double digits and positive cash flows. This multi-family property is only 3 blocks from the beach and 2 blocks away from Baywatch Resort. This property consists of 4 masonry block buildings and 3 of the building are 2 stories and the 3rd is 1 story. There is a total of 29 unit which comprise of 11 efficiencies, 15 1-bedroom, and 3 2 bedroom units. There is a central large courtyard for tenants to utilize. The roof was replaced in the beginning of 2017. There is an onsite landlord/maintenance person to collect rent and handle day to day operations. This is a very quiet complex and all units stay rented. Most are long term renters. Most rentals are from the local resorts and landscaping companies for their out of state employees. Owner will consider owner financing with sizable down payment. In the Master Plan Atlantic Beach has implemented to revitalize this area, this property would continue to be Mixed Use but reclassified as Mainstreet 1 (MS1). The intent of the MS1 District is to provide for pedestrian oriented low-density development. The setbacks are 10’, maximum height is 5 stories or 55’, whichever is less.

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Offered by John Lindstrand at Century 21 The Harrelson Group

Would you like more information regarding this property?
Please call (843) 903-3550.

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Property Features for 409 & 507 30th Ave S
Status
Market Status
Available
Last Updated
January 19, 2018
Description
Property Type
Rental Complex For Sale
Year Built
1941

Building Features

  • Cooling System: Window Unit(s) A/C
  • Heating System: Space Heater
  • Heating Fuel: Electric

Exterior Features

  • Exterior Construction: Stucco; Wood

Listing Features

  • Property Type: MultiFamily; Apartment

Other Features

  • North Myrtle Beach High School,Ocean Drive Elementary,North Myrtle Beach Middle School
  • North Myrtle Beach Middle School,North Myrtle Beach High School,Ocean Drive Elementary
  • North Myrtle Beach Middle School,Ocean Drive Elementary,North Myrtle Beach High School
  • Ocean Drive Elementary,North Myrtle Beach High School,North Myrtle Beach Middle School

Data Provided by Coastal Carolina Association of REALTORS

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More information about this $999,000 Rental Complex For Sale at 409 & 507 30th Ave S

This $999,000 Rental Complex For Sale at 409 & 507 30th Ave S in Atlantic Beach, SC is presented by John Lindstrand. This $999,000 Rental Complex For Sale, located in the 29582 zip code, has the following property features: Exterior Construction, Ocean Drive Elementary,North Myrtle Beach High School,North Myrtle Beach Middle School, Cooling System, Heating System. This 409 & 507 30th Ave S Rental Complex For Sale, located in Horry County , is listed under MLS listing number 1722103 and has a listing price of $999,000. You can find more ATLANTIC BEACH homes for sale here.