Newly Renovated
820 17th Ave. N Surfside Beach, SC 29575
820 17th Ave. N, Surfside Beach, SC, 29575
$989,999
For Sale
$989,999
Newly renovated quadplex with three 2-bedroom units and one 3-bedroom unit, currently 100% occupied and professionally managed.
Property Size4,258 SF
Price / SF$232.50
Days on Market462
Property Features for 820 17th Ave. N
General Information
- Standard status
- Active
- Size
- 4,258 SF
- Property subtype
- Fourplex
Building Details
- Year Built
- 1967
Listing agency
Latitude Realty
(757) 567-5607
Listed by
Nathan Cook · License #90431
(843) 385-7775
Source
Xome
Added: Apr 17, 2025 Updated: Jul 22 at 5:12PM Checked: Jul 22 at 5:12PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Latitude Realty
Investment Insights
Based on property information with market context.
This newly renovated quadplex includes three 2-bedroom, 1-bath units and one 3-bedroom, 2-bath unit. The property is currently 100% occupied and is being managed by a property manager, offering a turnkey residential income setup for an incoming owner.
Located in Surfside Beach, the building is described as within walking distance to the Ocean, and the property sits on a “huge lot.” Surfside Beach is noted as a high-demand beach community with a small-town feel and proximity to shopping and dining along the Grand Strand.
The unit mix provides both two-bedroom and larger three-bedroom living options within one multifamily building, all within a fully operational complex.
Located in Surfside Beach, the building is described as within walking distance to the Ocean, and the property sits on a “huge lot.” Surfside Beach is noted as a high-demand beach community with a small-town feel and proximity to shopping and dining along the Grand Strand.
The unit mix provides both two-bedroom and larger three-bedroom living options within one multifamily building, all within a fully operational complex.
Key Highlights
- Quadplex with three 2‑bedroom, 1‑bath units and one 3‑bedroom, 2‑bath unit
- Currently 100% occupied and professionally managed by a property manager
- Newly renovated multi‑family building
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 | $65.4k | $15.36 |
| − Vacancy | −$3.3k | −$0.77 |
| EGI | $62.1k | $14.59 |
| − OpEx | −$18.6k | −$4.38 |
| NOI | $43.5k | $10.21 |
4,258 SF · lease $15.36/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$621.3K
$543.7K – $724.9K
NOI $43,493 @ 7.0% cap · market cap 4.39%
Second Best
Apartment 5plus
$561.5K
$491.3K – $655.1K
NOI $39,307 @ 7.0% cap · market cap 3.97%
Theoretical Best
Office A
$1.08M
$944.3K – $1.26M
NOI $75,540 @ 7.0% cap · market cap 7.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Newly renovated quadplex with three 2-bedroom units and one 3-bedroom unit, currently 100% occupied and professionally managed.
Where is this quadplex located?
The property is located at 820 17th Ave. N Surfside Beach, SC.
What is the asking price?
The asking price for this property is $989,999.
What are key features of this property?
This property features: Quadplex with three 2‑bedroom, 1‑bath units and one 3‑bedroom, 2‑bath unit; Currently 100% occupied and professionally managed by a property manager; Newly renovated multi‑family building
