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
- 65
Listing agent Liat Edri License #59354 (843) 222-6357
Listing office Realty ONE Group Dockside Myrtle Beach, SC (843) 492-4030
Listing date Jul 9, 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 building is situated on Ocean Boulevard and occupies a prominent corner lot. An additional parcel currently used as a parking lot is included in the offering, and a new parking lot was developed on Cassandra Lane with landscaping completed per City of Myrtle Beach approved plans.
Detailed financial documents, including Profit & Loss statements, Capital Expenditure reports, and rent rolls, are available and can be shared with qualified buyers upon request. Measurements and square footage are not guaranteed; buyer or buyer’s agent to verify all information.
Key Highlights
- 65‑unit multifamily property on Ocean Boulevard at a corner lot in Myrtle Beach, SC 29577—steps from the Atlantic Ocean.
- Unit mix includes One‑bedroom and Studio units.
- Comprehensive renovations completed in 2023‑2024, including new PEX water lines and new sprinkler system with fire alarm installation.
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 |
