2010 S Ocean Blvd. Myrtle Beach, SC 29577
MULTI_FAMILY - Myrtle Beach, SC
Property Features for 2010 S Ocean Blvd.
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- Size
- 25,011 SF
- Lot size
- 0.70 Acres
Utilities
- Utilities
- Cable Available
Building Details
- Year built
- 1968
- Number of units
- 67
Listing agent Liat Edri License #59354 (843) 222-6357
Listing office Realty ONE Group Dockside Myrtle Beach, SC (843) 492-4030
Listing date Jan 8, 2026
Copyright © 2026 Coastal Carolina Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property sits on a prominent corner lot directly on S. Ocean Blvd in Myrtle Beach, with an additional parcel currently used as a parking lot. Together, the site totals approximately 0.70 acres. Parking and landscaping improvements include development of a new parking lot on Cassandra Lane and landscaping completed per City of Myrtle Beach approved plans.
For buyers seeking a residential income asset with substantial recent capital improvements, this offering includes comprehensive renovation work and availability of detailed financial documents, including Profit & Loss statements, Capital Expenditure reports, and rent rolls, for qualified buyers upon request. The property is described as being 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 and should be verified by the buyer or buyer’s agent.
Key Highlights
- 68‑unit multifamily property built in 1968, located at 2010 S. Ocean Blvd, Myrtle Beach, SC (corner lot on Ocean Boulevard).
- Unit mix includes one‑bedroom units and studio units; cable available.
- Comprehensive renovations completed in 2023–2024, including new PEX plumbing lines and new sprinkler system plus fire alarm.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $438.2k | $17.52 |
| − Vacancy | −$18.4k | −$0.74 |
| EGI | $419.8k | $16.78 |
| − OpEx | −$188.9k | −$7.55 |
| NOI | $230.9k | $9.23 |
