Surfside Realty Company - MLS Number: 1721839

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Additional Information

Lot Description
Elementary School
Ocean Drive Elementary
Middle School
North Myrtle Beach Middle School
High School
North Myrtle Beach High School

$599,000.00 507 30th Ave South

  • MLS#:1721839
  • Address: 507 30th Ave South
  • City / Zip:Atlantic Beach, SC 29582
  • Area:North Myrtle Beach
  • County:Horry
  • Neighborhood:Not within a Subdivision
  • Sq Ft:4714
  • Sq Ft:4,714
  • Year Built:1941
  • Date Listed:10/13/2017
  • Property Type: Multifamily
    This listing is provided courtesy by Century 21 The Harrelson Group.

Agent's Comments

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 3 masonry block buildings and 2 of the buildings are 2 stories and the 3rd is 1 story. There is a total of 18 units which consist of 6 efficiencies, 11 1-bedroom units, and 1 brand new 2 bedroom condo. The new 2 bedroom condo is on the second floor front of building with a large balcony to enjoy ocean views.. 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. If 18 units is not enough there is an option of buying Cabanas 2 which is 4 lots away and offers an additional 11 units!

Map View

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Property Amenities

  • Interior Features

    • Cable TV
    • Electricity
    • Sewer
    • Telephone
    • Underground Utilities
    • Water Public
  • Exterior Features

    • Short Term Rental Allowed
    • Long Term Rental Allowed
    • Owner Allowed Motorcycle
    • Tenant Allowed Motorcycle
    • Wood Frame
    • Stucco
  • Cooling / Heating

    • Space Heater
    • Window/Wall Unit
    • Electric

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MLS # 1721839, 507 30th Ave South, Atlantic Beach

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Listings provided courtesy of Coastal Carolina MLS.

Information Deemed Reliable But Not Guaranteed