6-Unit Townhome
For Sale
$2,599,000
260 - 280 Ocean Mount Ct., Little River, SC 29566
MULTI-FAMILY, Little River, SC
Property Size12,972 SF
Price / SF$200.35
Days on Market48
Property Features for 260 - 280 Ocean Mount Ct.
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Parking features
Garage
Subdivision
The Townes at The Landing
Lot features
Lake/ Pond
Elementary school
Waterway Elementary
Middle school
North Myrtle Beach Middle School
High school
North Myrtle Beach High School
Standard status
Active
Size
12,972 SF
Utilities
Utilities
Cable Available
Amenities
gated community
landscaping
Building Details
Year built
2026
Number of units
6
Listing Agency:
Coastal Vision Properties LLC
(843) 945-5095
Listed By:
Mike Green · License #53781
(843) 855-1816
Added: Sep 16
Changed: Oct 16
Last Checked: Nov 2 at 2:06AM
MLS# 2622867
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.
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Investment Insights
Based on property information with market context.
This multifamily building comprises six townhomes totaling 12,972 square feet, with approximately 2,162 heated square feet per home. Each residence has three bedrooms, three-and-a-half bathrooms, a private elevator, and an attached one-car garage. Interior features include open-plan layouts, granite countertops, stainless steel GE appliances, LVP flooring in main living areas, and vaulted ceilings in primary bedrooms. The building is under construction, with completion estimated for January 2027.
The gated community is in Little River, minutes from the Intracoastal Waterway and a short drive to Cherry Grove and Ocean Drive beaches. Shopping, dining, entertainment, and attractions in North Myrtle Beach are also accessible by car. HOA-maintained landscaping and irrigation serve the community.
The gated community is in Little River, minutes from the Intracoastal Waterway and a short drive to Cherry Grove and Ocean Drive beaches. Shopping, dining, entertainment, and attractions in North Myrtle Beach are also accessible by car. HOA-maintained landscaping and irrigation serve the community.
Key Highlights
- Six townhomes offered together as one building
- 12,972 square feet total; approximately 2,162 heated square feet per townhome
- Each home has 3 bedrooms, 3 1/2 bathrooms, a private elevator, and a 1 car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$119,748
Cap Rate
4.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,394,960
$2.4M
Cap Rate 7%
$1,710,686
$1.7M
Cap Rate 9%
$1,330,533
$1.3M
Market Conditions
NOI Build-Up for 12,972 SF
Gross rent
$227.3K $17.52/SF
− Vacancy
−$9.5K −$0.74/SF
EGI
$217.7K $16.78/SF
− OpEx
−$98.0K −$7.55/SF
NOI
$119.7K $9.23/SF
Area
Horry County, SC
Vacancy
4.20%
Lease Rate
$17.52 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,394,960
Cap Rate 7%
$1,710,686
Cap Rate 9%
$1,330,533
Alternative Uses
Best Use
Apartment 5plus
$1.71M
$1.50M – $2.00M
NOI $119,748 @ 7.0% cap · market cap 4.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.29M
$2.88M – $3.84M
NOI $230,134 @ 7.0% cap · market cap 8.85%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
376
Businesses Nearby
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Business Placement
Demographics for 29566, SC
21,792
Population
13,437
Households
1.6
Avg Household Size
58
Median Age
25%
College-Educated
92%
High-School Grad
32.4 sq mi
ZIP Area
673
Density / Sq Mi
$63,358
Median Household Income
$36,579
Median Earnings
$1,488
Median Rent
$275,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Under-construction homes include private elevators, attached garages, and HOA-maintained landscaping.
Where is this apartment building located?
The property is located at 260 - 280 Ocean Mount Ct. Little River, SC.
What is the asking price?
The asking price for this property is $2,599,000.
What are key features of this property?
This property features: Six townhomes offered together as one building; 12,972 square feet total; approximately 2,162 heated square feet per townhome; Each home has 3 bedrooms, 3 1/2 bathrooms, a private elevator, and a 1 car garage
