304 23rd Ave. N North Myrtle Beach, SC 29582
MULTI_FAMILY - North Myrtle Beach, SC
Property Features for 304 23rd Ave. N
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- Size
- 1,508 SF
- Lot size
- 0.13 Acres
Utilities
- Utilities
- Cable Available
Building Details
- Year built
- 1970
- Number of units
- 2
Listing agent Bill Sullivan License #117326 (843) 997-0616
Listing office BH & G Elliott Coastal Living North Myrtle Beach, SC (843) 280-5704
Listing date Feb 5, 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.
Key Highlights
- Dual‑unit layout: Offers flexibility for owner‑occupancy with rental income or full duplex investment.
- Prime Cherry Grove location: Short walk to the ocean, close to Cherry Grove Pier, Boulineau's, surf shops, and waterfront dining.
- Strong income potential: Maximize ROI by renting both units or living in one while renting the other.
Local Financial Insights For Multifamily LT 5
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 | $23.2k | $15.36 |
| − Vacancy | −$1.2k | −$0.77 |
| EGI | $22.0k | $14.59 |
| − OpEx | −$6.6k | −$4.38 |
| NOI | $15.4k | $10.21 |
