703 Collins St., Myrtle Beach, SC 29577
MULTI_FAMILY - Myrtle Beach, SC
- Added:
- Jul 1, 2026
- Days on Market:
- 1
- Last Refresh:
- Jul 1 at 9:06 pm
Property Features for 703 Collins St.
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Standard status
- Active
- Size
- 7,592 SF
- Lot size
- 0.56 Acres
Building Details
- Year built
- 1976
- Number of units
- 9
Listing agent Ester Esti Simantov (843) 457-9780
Listing office Own Myrtle Real Estate Myrtle Beach, SC (516) 233-0601
Listing date Jul 1, 2026
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.
HighLights
- Two adjacent parcels sold together featuring five buildings and nine rental units
- Unit mix: one 3BD/1BA single‑family home, two duplexes (2BD/1BA per unit), and one quadplex (four 2BD/1BA units)
- Approximately 0.56 acres total lot size
- Year built: 1976
- Established tenant base with a documented strong income history
Overview
The property is located at 703 Collins St., Myrtle Beach, SC 29577, in Horry County. Public remarks describe the location as convenient to shopping, dining, major roadways, and area attractions.
Designed for an owner who wants to manage multiple unit types within a single acquisition, this package provides a diversified residential income lineup across a single site. With the configuration already established as one single-family home, two duplexes, and one quadplex, it can appeal to investors seeking immediate operational continuity with existing unit mix.
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 | $116.6k | $15.36 |
| − Vacancy | −$5.8k | −$0.77 |
| EGI | $110.8k | $14.59 |
| − OpEx | −$33.2k | −$4.38 |
| NOI | $77.5k | $10.21 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Myrtle Beach
- County
- Horry
- State
- South Carolina
- Longitude
- -78.892845
- Latitude
- 33.688408
