Renovated Myrtle Beach Income
412 27th Ave. N Myrtle Beach, SC 29577
412 27th Ave. N, Myrtle Beach, SC, 29577
$1,699,000
For Sale
$1,699,000
MULTI_FAMILY - Myrtle Beach, SC
Property Size6,244 SF
Price / SF$272.10
Days on Market203
Property Features for 412 27th Ave. N
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Assigned
- Standard status
- Active
- Size
- 6,244 SF
Utilities
- Utilities
- Cable Available
Building Details
- Year built
- 1986
- Number of units
- 6
Listing Agency
Keller Williams The Forturro Group
(843) 443-9400
Myrtle Beach, SC
Listed by
Jeff Forman · License #111037
(843) 902-4325
Added: Dec 26, 2025 Checked: Jul 17 at 9:06 am
MLS# 2530021
Listing URL
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.
This income-producing property is located a short walk from the ocean in Myrtle Beach. It features six renovated townhouse-style units situated on MU-H zoned land. Short-term rentals are permitted, offering rental upside. Some tenants are already in place, providing immediate income potential. The property includes two front units measuring approximately 1,030 square feet and four additional units at roughly 1,047 square feet each. Select residences feature private fenced backyards with outdoor seating and grills. Each unit is individually metered for water and electric. Inside, every unit showcases a bright, open-concept layout with generous living space, full kitchens outfitted with new cabinetry and appliances, and comfortable bedrooms. All units are fully furnished and styled with a modern, clean aesthetic. Extensive renovations were completed throughout the entire building, including upgraded plumbing and electrical systems, expanded living areas created by reconfigured walls, brand-new doors and windows, and beautifully finished tile showers with contemporary fixtures. All HVAC systems were replaced in 2023. Additional exterior improvements include a newly constructed retaining wall and full privacy fencing surrounding the property. The property is located minutes from Myrtle Beach's restaurants, shopping, entertainment, and iconic attractions. The property size is 6,244 square feet.
Key Highlights
- Income‑producing property with tenants in place, offering immediate rental income.
- Fully renovated with upgraded plumbing, electrical, HVAC (replaced in 2023), kitchens, and bathrooms.
- Prime location: Short walk to the ocean and close to Myrtle Beach's attractions, restaurants, and shopping.
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 | $109.4k | $17.52 |
| − Vacancy | −$4.6k | −$0.74 |
| EGI | $104.8k | $16.78 |
| − OpEx | −$47.2k | −$7.55 |
| NOI | $57.6k | $9.23 |
6,244 SF · lease $17.52/SF/yr · vacancy 4.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$823.4K
$720.5K – $960.7K
NOI $57,640 @ 7.0% cap · market cap 3.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.58M
$1.38M – $1.85M
NOI $110,774 @ 7.0% cap · market cap 6.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Short term rental ...
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Six renovated townhouse-style units near the ocean in Myrtle Beach.
Where is this apartment building located?
The property is located at 412 27th Ave. N Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $1,699,000.
What are key features of this property?
This property features: Income‑producing property with tenants in place, offering immediate rental income.; Fully renovated with **upgraded plumbing, electrical, HVAC (replaced in 2023), kitchens, and bathrooms.**; **Prime location: Short walk to the ocean** and close to Myrtle Beach's attractions, restaurants, and shopping.
