Updated Duplex with Expansive
3007 North Ocean Boulevard North Myrtle Beach, SC 29582
For Sale
Contact for pricing
Spacious duplex offering two identical 3-bedroom, 2-bath units with open-concept interiors and front and rear balconies.
Property Size2,828 SF
Price / SF$289.96
Days on Market80
Property Features for 3007 North Ocean Boulevard
General Information
- Standard status
- Active
- Size
- 2,828 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1981
Listing Agency:
CENTURY 21 Broadhurst
(843) 424-0340
Listed By:
Jamie Broadhurst · License #83054
Source:
Crexi
Added: May 5
Changed: Jul 21
Last Checked: Jul 22 at 3:28PM
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 CENTURY 21 Broadhurst
Investment Insights
Based on property information with market context.
This spacious duplex has been beautifully updated throughout and features two identical units, each with three bedrooms and two bathrooms. The layout includes open-concept living areas, modern kitchens, and updated bathrooms with fresh coastal finishes. Both units offer expansive front and rear balconies, creating additional outdoor space for daily living. The ground level also includes a versatile owner's closet that functions as a fully equipped studio with a full bath and kitchen, which may support a variety of configuration options.
Located in the Cherry Grove section of North Myrtle Beach, the property is about one block from the beach. Cherry Grove is described as a highly desirable coastal destination with easy access to Cherry Grove Pier and nearby dining, shopping, golf, and entertainment.
Overall, the duplex provides two matching residential income units with balcony space, plus an on-site studio-style area on the ground floor for flexible use based on the buyer’s plans.
Located in the Cherry Grove section of North Myrtle Beach, the property is about one block from the beach. Cherry Grove is described as a highly desirable coastal destination with easy access to Cherry Grove Pier and nearby dining, shopping, golf, and entertainment.
Overall, the duplex provides two matching residential income units with balcony space, plus an on-site studio-style area on the ground floor for flexible use based on the buyer’s plans.
Key Highlights
- Duplex built in 1981 featuring two identical units, each with 3 bedrooms and 2 bathrooms.
- Open‑concept interiors with modern kitchens and updated styling throughout both units.
- Expansive front and rear balconies on both levels for guest and owner outdoor space.
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 | $43.4k | $15.36 |
| − Vacancy | −$2.2k | −$0.77 |
| EGI | $41.3k | $14.59 |
| − OpEx | −$12.4k | −$4.38 |
| NOI | $28.9k | $10.21 |
2,828 SF · lease $15.36/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$412.7K
$361.1K – $481.4K
NOI $28,886 @ 7.0% cap · market cap 3.52%
Second Best
Apartment 5plus
$372.9K
$326.3K – $435.1K
NOI $26,106 @ 7.0% cap · market cap 3.18%
Theoretical Best
Office A
$716.7K
$627.1K – $836.2K
NOI $50,171 @ 7.0% cap · market cap 6.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Atlantic Beach
Take-out & Catering
FAQs
What type of property is this?
Duplex - Spacious duplex offering two identical 3-bedroom, 2-bath units with open-concept interiors and front and rear balconies.
Where is this duplex located?
The property is located at 3007 North Ocean Boulevard North Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $820,000.
What are key features of this property?
This property features: Duplex built in 1981 featuring two identical units, each with 3 bedrooms and 2 bathrooms.; Open‑concept interiors with modern kitchens and updated styling throughout both units.; Expansive front and rear balconies on both levels for guest and owner outdoor space.
