Furnished Multi-Level Rental
510 Ocean Blvd S Surfside Beach, SC 29575
510 Ocean Blvd S, Surfside Beach, SC, 29575
Contact for pricing
For Sale
Contact for pricing
Fully furnished 10-bedroom property near the ocean with a pool.
Property Size5,363 SF
Price / SF$315.12
Days on Market735
Property Features for 510 Ocean Blvd S
General Information
- Standard status
- Active
- Size
- 5,363 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1982
Listing agency
Keller Williams Innovate South
(843) 443-9400
Listed by
Lee Ohana · License #107044
Source
Crexi
Added: Jul 17, 2024 Updated: Jul 6 at 8:02AM Checked: Jul 17 at 9:37AM
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 Keller Williams Innovate South
Investment Insights
Based on property information with market context.
This fully furnished 10-bedroom property spans three levels, each equipped with a full kitchen, living area, and washer/dryer. Each level has its own exterior access, allowing for flexible rental options. The first and second floors each feature 4 bedrooms and 2 bathrooms, while the third floor offers 2 bedrooms and 2 bathrooms. Situated on a double corner lot, this property offers proximity to the ocean and a private pool. Ocean views are available from most parts of the building. Covered parking is included.
Key Highlights
- Fully furnished 10‑bedroom property with three separate levels.
- Each level includes a full kitchen, living area, and washer/dryer.
- Each level has its own exterior access, allowing for flexible rental options (triplex, duplex, or single unit).
Local Financial Insights For Multifamily LT 5
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 | $82.4k | $15.36 |
| − Vacancy | −$4.1k | −$0.77 |
| EGI | $78.3k | $14.59 |
| − OpEx | −$23.5k | −$4.38 |
| NOI | $54.8k | $10.21 |
5,363 SF · lease $15.36/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$782.6K
$684.8K – $913.0K
NOI $54,780 @ 7.0% cap · market cap 3.24%
Second Best
Apartment 5plus
$707.2K
$618.8K – $825.1K
NOI $49,507 @ 7.0% cap · market cap 2.93%
Theoretical Best
Office A
$1.36M
$1.19M – $1.59M
NOI $95,144 @ 7.0% cap · market cap 5.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Multifamily property - Fully furnished 10-bedroom property near the ocean with a pool.
Where is this multifamily property located?
The property is located at 510 Ocean Blvd S Surfside Beach, SC.
What is the asking price?
The asking price for this property is $1,690,000.
What are key features of this property?
This property features: Fully furnished 10‑bedroom property with three separate levels.; Each level includes a full kitchen, living area, and washer/dryer.; Each level has its own exterior access, allowing for flexible rental options (triplex, duplex, or single unit).
