Duplex with Upper-Level
For Sale
$599,500
2005 Havens Dr., North Myrtle Beach, SC 29582
The two residences share the same three-bedroom, two-bathroom layout, with one unit on each floor.
Property Size2,520 SF
Price / SF$237.90
Days on Market228
Property Features for 2005 Havens Dr.
General Information
Standard status
Active
Size
2,520 SF
Property subtype
Multi Family Home
Zoning
mf
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Building Details
Building Size
2,520 SF
Year Built
1978
Units
2
Listing Agency:
Shoreline Realty
Listed By:
David Murphy · License #47472
(843) 839-1111
Source:
Gabrielfinancial
Added: Mar 11
Changed: Oct 23
Last Checked: Oct 23 at 5:28PM
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 Shoreline Realty
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Investment Insights
Based on property information with market context.
This duplex contains two matching residences, each with three bedrooms and two bathrooms. One unit occupies the ground floor, while the other is upstairs; the upper residence opens onto a large deck. The property totals 2,520 square feet and was built in 1978. Zoning is designated MF.
Key Highlights
- Two units, each with 3 bedrooms and 2 baths
- 2,520 square feet
- Upper‑floor unit has a large deck
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,740
Cap Rate
4.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$514,800
$514.8K
Cap Rate 7%
$367,714
$367.7K
Cap Rate 9%
$286,000
$286.0K
Market Conditions
NOI Build-Up for 2,520 SF
Gross rent
$38.7K $15.36/SF
− Vacancy
−$1.9K −$0.77/SF
EGI
$36.8K $14.59/SF
− OpEx
−$11.0K −$4.38/SF
NOI
$25.7K $10.21/SF
Area
Horry County, SC
Vacancy
5.00%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$514,800
Cap Rate 7%
$367,714
Cap Rate 9%
$286,000
Alternative Uses
Best Use
Multifamily LT 5
$367.7K
$321.8K – $429.0K
NOI $25,740 @ 7.0% cap · market cap 4.29%
Second Best
Apartment 5plus
$332.3K
$290.8K – $387.7K
NOI $23,263 @ 7.0% cap · market cap 3.88%
Theoretical Best
Office A
$638.7K
$558.8K – $745.1K
NOI $44,707 @ 7.0% cap · market cap 7.46%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
529
Businesses Nearby
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Business Placement
Demographics for 29582, SC
18,897
Population
27,559
Households
0.7
Avg Household Size
62
Median Age
38%
College-Educated
94%
High-School Grad
21.9 sq mi
ZIP Area
863
Density / Sq Mi
$71,030
Median Household Income
$36,906
Median Earnings
$1,194
Median Rent
$370,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The two residences share the same three-bedroom, two-bathroom layout, with one unit on each floor.
Where is this duplex located?
The property is located at 2005 Havens Dr. North Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $599,500.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 2 baths; 2,520 square feet; Upper‑floor unit has a large deck
