301-303 27th Ave. S, North Myrtle Beach, SC 29582
MULTI_FAMILY - North Myrtle Beach, SC
- Added:
- Jan 3, 2026
- Days on Market:
- 184
- Last Refresh:
- Jul 6 at 12:06 pm
Property Features for 301-303 27th Ave. S
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Standard status
- Active
- Size
- 7,348 SF
Building Details
- Year built
- 1960
- Number of units
- 10
Listing agent Jeff Forman License #111037 (843) 902-4325
Listing office Keller Williams The Forturro Group Myrtle Beach, SC (843) 443-9400
Listing date Jan 3, 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.
HighLights
- Located just 485 feet from the Atlantic Ocean and Crescent Beach public access in North Myrtle Beach
- Significant upside potential through rent growth and repositioning via strategic renovations and cosmetic updates
- Premier Crescent Beach location in a highly desirable submarket
- R‑4 zoning allows for multi‑unit residential use
- Well‑suited for short‑term rental conversions and increased cash flow
- Positioned on a double corner lot
Overview
The property is located in the Crescent Beach section of North Myrtle Beach, just 485 feet from the Atlantic Ocean and Crescent Beach public access. With public utilities in place and R-4 zoning for multi-unit residential use, the configuration supports multi-family operations while offering flexibility for investors focused on upgrading and elevating the tenant experience.
For buyers seeking an income-producing portfolio expansion, this property aligns well with strategies centered on renovation-driven improvements and enhanced cash flow. It may also appeal to operators looking for a high-demand coastal rental concept, including furnished and short-term rental conversions, as described in the remarks. With proximity to schools, shopping, and major attractions, the property is positioned to benefit from strong local demand while giving a new owner clear pathways to improve curb appeal, unit quality, and long-term value.
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 | $128.7k | $17.52 |
| − Vacancy | −$5.4k | −$0.74 |
| EGI | $123.3k | $16.78 |
| − OpEx | −$55.5k | −$7.55 |
| NOI | $67.8k | $9.23 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- North Myrtle Beach
- County
- Horry
- State
- South Carolina
- Longitude
- -78.712639
- Latitude
- 33.802872