Multifamily Community with
4601 Lomax Court Murrells Inlet, SC 29576
4601 Lomax Court, Murrells Inlet, SC, 29576
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For Sale
Contact for pricing
Seven-building multifamily property with 28 units arranged around a private community pool.
Property Size40,320 SF
Price / SF$155.38
Days on Market97
Property Features for 4601 Lomax Court
General Information
- Standard status
- Active
- Size
- 40,320 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1984
Listing agency
James W Smith Real Estate Co
Listed by
Gordon McLeod · License #146925
Source
Crexi
Added: Apr 16 Updated: Jul 21 at 6:04AM Checked: Jul 21 at 6:04AM
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 James W Smith Real Estate Co
Investment Insights
Based on property information with market context.
Wachasaw Place is a multifamily community featuring seven buildings totaling 28 units surrounding a private community pool. Each building contains four units, including two 2-bedroom, 1.5-bath units and two 3-bedroom, 2.5-bath units. The property includes in-unit laundry for all units, and the gross building area of 40,320 SF includes screened porches.
The asset is offered for sale at 4601 Lomax Court in Murrells Inlet, South Carolina. An adjacent site is also available for purchase to construct an additional building.
Units are configured with two-bedroom layouts and three-bedroom layouts within each building, supporting a consistent community plan centered around shared pool amenities.
The asset is offered for sale at 4601 Lomax Court in Murrells Inlet, South Carolina. An adjacent site is also available for purchase to construct an additional building.
Units are configured with two-bedroom layouts and three-bedroom layouts within each building, supporting a consistent community plan centered around shared pool amenities.
Key Highlights
- 1984‑built multifamily property with 7 buildings and 28 units, arranged around a private community pool
- Unit mix: twenty‑eight units include 2 units per building of 2 bed/1.5 bath, 992 SF, and 3 bed/2.5 bath, 1,488 SF units
- Total RSF is 34,720 and total GBA is 40,320 SF (including screened porches)
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 | $706.4k | $17.52 |
| − Vacancy | −$29.7k | −$0.74 |
| EGI | $676.7k | $16.78 |
| − OpEx | −$304.5k | −$7.55 |
| NOI | $372.2k | $9.23 |
40,320 SF · lease $17.52/SF/yr · vacancy 4.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$5.32M
$4.65M – $6.20M
NOI $372,206 @ 7.0% cap · market cap 5.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.22M
$8.94M – $11.92M
NOI $715,309 @ 7.0% cap · market cap 11.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
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FAQs
What type of property is this?
Apartment building - Seven-building multifamily property with 28 units arranged around a private community pool.
Where is this apartment building located?
The property is located at 4601 Lomax Court Murrells Inlet, SC.
What is the asking price?
The asking price for this property is $6,265,000.
What are key features of this property?
This property features: 1984‑built multifamily property with 7 buildings and 28 units, arranged around a private community pool; Unit mix: twenty‑eight units include 2 units per building of 2 bed/1.5 bath, 992 SF, and 3 bed/2.5 bath, 1,488 SF units; Total RSF is 34,720 and total GBA is 40,320 SF (including screened porches)
