Coldwell Banker Sea Coast Advantage - M+K Real Estate
1408 Dunbar St.
Myrtle Beach, SC 29577

Description

Perfect multi-family property for a savvy investor, consisting of eight (8) units and three buildings. The 100% occupied property that has been practically torn down and rebuilt including a new sprinkler system and a new fire alarm system in six of the eight units. The large two story, six unit building has over 3,000 sq ft under roof and was taken down to the fountain and even half of the fountain was replaced. Everything short of the front brick wall is brand new. The two all brick houses on the property consist of app 2,375 sq ft under roof combined. A large majority of the units also have been renovated including the subfloors, the floors, a majority of the sheetrock, new windows, new HVACs, the majority of the electrical wiring as well as new shingles on the roof. The large building consists of four (4) one bedroom, one bath units and two (2) two bedroom, one bath units. Home #1 consist of two bedrooms, one bath and Home #2 consist of three bedrooms, two baths. The total for the entire property is app. 5,450 sq ft under roof, eight units and 13 bedrooms. At asking price the property is a 9.6% cap rate. The property is right beside the city of Myrtle Beachs Garden of Hope community park. Also located blocks from the Myrtle Beach Convention center and Sheraton Hotel. This property is centrally located and convenient for tenants that work in the service industry since it is so close to the Ocean Front hotels.

Details

MLS#1714222
StyleIndustrial
Sub-TypeResale
StatusPending - Show
Days On Site417

Features

Story(s)2
Units8
ZoningRMM - BTW
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Market Activity 29577

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Area Information

StateSC
CountyHorry
CityMyrtle Beach
Zip Code29577
Area16F Myrtle Beach Area--10th Ave
Listing VS Median (in 29577)
Price:
$630,000
low | high
Med:
$195,000
100% of Average
On Site:
417
low | high
Med:
31.5
100% of Average
Listing Updated: 08/19/2018
MLS Number: 1714222
Listing Provided By:
Jim Neely  of  CENTURY 21 Broadhurst