Multi-Unit Townhome Apartment
4601 Lomax Ct Murrells Inlet, SC 29576
4601 Lomax Ct, Murrells Inlet, SC, 29576
$5,698,000
For Sale
$5,698,000
Portfolio of seven buildings with 28 townhomes, each featuring private screened porches and access to a community pool.
Property Size34,720 SF
Price / SF$164.11
Days on Market99
Property Features for 4601 Lomax Ct
General Information
- Standard status
- Active
- Size
- 34,720 SF
Listing agency
James W Smith Real Estate Co
(843) 241-8510
Listed by
Jimmy Smith
(843) 241-8510
Source
Exprealty
Added: Apr 15 Updated: Jul 22 at 3:37PM Checked: Jul 22 at 3:37PM
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.
Located at Wachesaw Place at 4601 Lomax Ct in Murrells Inlet, this for-sale multifamily portfolio comprises seven buildings totaling 28 multi-unit townhomes. The townhomes are described as offering spacious layouts and include private screened porches. Residents also have access to a quiet community pool.
This offering is presented as a single, collective investment opportunity, with the buildings situated within the Wachesaw Place community.
This offering is presented as a single, collective investment opportunity, with the buildings situated within the Wachesaw Place community.
Key Highlights
- Portfolio includes seven buildings with a total of 28 multi‑unit townhomes
- Each townhome features a private screened porch
- Community pool access for residents
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 | $608.3k | $17.52 |
| − Vacancy | −$25.5k | −$0.74 |
| EGI | $582.7k | $16.78 |
| − OpEx | −$262.2k | −$7.55 |
| NOI | $320.5k | $9.23 |
34,720 SF · lease $17.52/SF/yr · vacancy 4.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$4.58M
$4.01M – $5.34M
NOI $320,510 @ 7.0% cap · market cap 5.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.80M
$7.70M – $10.27M
NOI $615,961 @ 7.0% cap · market cap 10.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Portfolio of seven buildings with 28 townhomes, each featuring private screened porches and access to a community pool.
Where is this apartment building located?
The property is located at 4601 Lomax Ct Murrells Inlet, SC.
What is the asking price?
The asking price for this property is $5,698,000.
What are key features of this property?
This property features: Portfolio includes seven buildings with a total of 28 multi‑unit townhomes; Each townhome features a private screened porch; Community pool access for residents
