Four-Unit Townhome
2309 WITHERS DR Myrtle Beach, SC 29577
For Sale
Contact for pricing
Four 2-bedroom townhomes near the beach with outdoor space, recent updates, and new 2024 roofs plus replacement HVAC.
Property Size4,184 SF
Price / SF$276.29
Days on Market58
Property Features for 2309 WITHERS DR
General Information
- Standard status
- Active
- Size
- 4,184 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1982
Listing Agency:
CENTURY 21 Broadhurst
Listed By:
Casey Houser · License #SC
Source:
Crexi
Added: May 29
Changed: Jul 10
Last Checked: Jul 23 at 11:13AM
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 CENTURY 21 Broadhurst
Investment Insights
Based on property information with market context.
This for-sale four-unit townhome portfolio consists of four 2-bedroom residences with a mix of 1.5 and 2-bath layouts. Each unit includes functional interior space and outdoor living space, supporting multiple lifestyle and tenant uses. Two of the units have recently been updated with durable LVP flooring, spacious countertops, new carpeting, and fresh interior paint.
The property is located at 2309 Withers Drive in Myrtle Beach, South Carolina, about one block from the beach. It is also outside the confines of an HOA, offering flexibility without HOA fees. Major building improvements include new roofs installed in 2024 across all units, while HVAC systems were replaced between 2019 and 2024 depending on the unit. The broader area is described as close to beach access, dining, shopping, and entertainment.
Designed for operators and owners seeking a small multifamily package, this portfolio can fit short-term rental, long-term rental, or seasonal occupancy models based on the unit mix and outdoor space. With the roof work already completed and multiple HVAC replacements addressed in recent years, the property presents a practical way to acquire a cohesive four-home investment.
The property is located at 2309 Withers Drive in Myrtle Beach, South Carolina, about one block from the beach. It is also outside the confines of an HOA, offering flexibility without HOA fees. Major building improvements include new roofs installed in 2024 across all units, while HVAC systems were replaced between 2019 and 2024 depending on the unit. The broader area is described as close to beach access, dining, shopping, and entertainment.
Designed for operators and owners seeking a small multifamily package, this portfolio can fit short-term rental, long-term rental, or seasonal occupancy models based on the unit mix and outdoor space. With the roof work already completed and multiple HVAC replacements addressed in recent years, the property presents a practical way to acquire a cohesive four-home investment.
Key Highlights
- 4‑unit townhome portfolio at 2309 Withers Drive (Myrtle Beach), built in 1982
- Four 2‑bedroom townhomes with a mix of 1.5 and 2 bathrooms
- New roofs installed in 2024 across all units
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 | $64.3k | $15.36 |
| − Vacancy | −$3.2k | −$0.77 |
| EGI | $61.1k | $14.59 |
| − OpEx | −$18.3k | −$4.38 |
| NOI | $42.7k | $10.21 |
4,184 SF · lease $15.36/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$610.5K
$534.2K – $712.3K
NOI $42,737 @ 7.0% cap · market cap 3.70%
Second Best
Apartment 5plus
$551.8K
$482.8K – $643.7K
NOI $38,624 @ 7.0% cap · market cap 3.34%
Theoretical Best
Office A
$1.06M
$927.9K – $1.24M
NOI $74,228 @ 7.0% cap · market cap 6.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Tidelands Complete Home ...
Home Inspector
Cats of Myrtle Beach
Animal Shelter
FAQs
What type of property is this?
Quadplex - Four 2-bedroom townhomes near the beach with outdoor space, recent updates, and new 2024 roofs plus replacement HVAC.
Where is this quadplex located?
The property is located at 2309 WITHERS DR Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $1,156,000.
What are key features of this property?
This property features: 4‑unit townhome portfolio at 2309 Withers Drive (Myrtle Beach), built in 1982; Four 2‑bedroom townhomes with a mix of 1.5 and 2 bathrooms; New roofs installed in 2024 across all units
