Top Floor Unit Near
4860 Carnation Circle 304 Myrtle Beach, SC 29579
4860 Carnation Circle 304, Myrtle Beach, SC, 29579
$197,000
For Sale
$197,000
Two-bedroom condo with community pool, close to beach.
Property Size1,120 SF
Price / SF$175.89
Days on Market528
Property Features for 4860 Carnation Circle 304
General Information
- Standard status
- Active
- Size
- 1,120 SF
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 2000
Listing Agency
Sandy One, LLC
(843) 251-7575
Listed by
Joe King · License #39199
(843) 251-7575
Source
Exitrealty
Added: Feb 4, 2025 Checked: Jul 17 at 4:41 am
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 Sandy One, LLC
Investment Insights
Based on property information with market context.
This top-floor unit features two bedrooms and two bathrooms within a golf course community. Located in the sought-after Magnolia North subdivision, the property benefits from community amenities such as a pool, grill area, and security. The unit features high vaulted ceilings in the family room, dining area, master bedroom, and second bedroom. Appliances include a range/oven, microwave, and dishwasher. The interior has been freshly painted. The open living area includes a ceiling fan/light, and the dining area is equipped with lighting. The kitchen offers ample cabinet and counter space. A private balcony extends from the living area, providing views of the courtyard and pool area. The master bedroom includes a walk-in closet, ceiling fan/light, and a private full bath. The second bedroom also has a fan/light. The second bath features a walk-in shower and a washer/dryer. The property is centrally located with easy access to major roads and is minutes from the beach, shopping, dining, and entertainment options of the Grand Strand. The unit size is 1120 square feet.
Key Highlights
- Top floor unit in Magnolia North, a golf course community with pool, grill area & security
- Central location: easy access to roads, beaches, shopping, dining, and entertainment
- High vaulted ceilings in family room, dining area, and both bedrooms
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 | $19.6k | $17.52 |
| − Vacancy | −$824 | −$0.74 |
| EGI | $18.8k | $16.78 |
| − OpEx | −$8.5k | −$7.55 |
| NOI | $10.3k | $9.23 |
1,120 SF · lease $17.52/SF/yr · vacancy 4.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$147.7K
$129.2K – $172.3K
NOI $10,339 @ 7.0% cap · market cap 5.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$283.9K
$248.4K – $331.2K
NOI $19,870 @ 7.0% cap · market cap 10.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Residential income properties
Similar For Sale Nearby
FAQs
What type of property is this?
Residential income property - Two-bedroom condo with community pool, close to beach.
Where is this residential income property located?
The property is located at 4860 Carnation Circle 304 Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $197,000.
What are key features of this property?
This property features: Top floor unit in Magnolia North, a golf course community with pool, grill area & security; Central location: easy access to roads, beaches, shopping, dining, and entertainment; High vaulted ceilings in family room, dining area, and both bedrooms
