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    412 Seaside Dr Surfside Beach, SC 29575

    Sponsored
    For Sale
    $1,795,000

    Beachfront Duplex, High ROI, 2 Units

    Property size:
    3,696 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a meticulously maintained, three-story duplex located at 412 S Seaside Dr, Surfside Beach, SC 29575. Boasting 3,696 square feet of net rentable space, this property features two units, each with four bedrooms and two bathrooms, comfortably accommodating 28 people. Built in 1994 and extensively renovated in 2022, the property showcases modern amenities including solid flooring, granite countertops, and smooth ceilings. Each unit offers independent kitchens and entrances, maximizing rental potential. The property sits on a 0.14-acre lot and includes 10 parking spaces. Currently operating at 100% occupancy, the property generates a substantial NOI of $181,088, with a pro-forma NOI projected at $215,000, resulting in a current cap rate of 10.09% and a pro-forma cap rate of 11.98%. The asking price is $1,795,000, or $897,500 per unit. The property is zoned RES and offers stunning ocean views from multiple perspectives, including most bedrooms, kitchens, living rooms, and large front porches. There are no HOA fees. This stabilized investment property presents a compelling opportunity for owner-users seeking a high-return coastal investment. The property's strong rental history and prime location in Surfside Beach, Horry County, South Carolina, make it an attractive prospect for discerning investors.

    Property Features for 412 Seaside Dr

    General Information

    Property type
    Multifamily properties
    Square Feet
    3,696 SF
    Lot Size
    6,098 SF

    Building Details

    Year Built/Renovated
    1994/2022
    Buildings
    1
    Stories
    3
    Units
    2

    HighLights

    • Meticulously maintained three‑story duplex in Surfside Beach, SC.
    • 3,696 square feet of net rentable space, two 4 bed/2 bath units (sleeps 28 total).
    • Extensive 2022 renovation, featuring modern amenities (solid flooring, granite countertops).
    • 100% occupancy, generating $181,088 NOI (projected $215,000); 10.09% current cap rate (11.98% pro‑forma).
    • $1,795,000 asking price ($897,500 per unit); 0.14‑acre lot with 10 parking spaces; no HOA fees.
    • Stunning ocean views from most rooms and porches; RES zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Surfside Beach
    County
    Horry
    State
    South Carolina
    Longitude
    -78.9753483
    Latitude
    33.6019936

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    FAQs

    What type of property is this?
    Multifamily property - Beachfront Duplex, High ROI, 2 Units
    Where is this multifamily property located?
    The property is located at 412 Seaside Dr Surfside Beach, SC.
    What is the asking price?
    The asking price for this property is $1,795,000.
    What are key features of this property?
    This property features: Meticulously maintained three-story duplex in Surfside Beach, SC.; 3,696 square feet of net rentable space, two 4 bed/2 bath units (sleeps 28 total).; Extensive 2022 renovation, featuring modern amenities (solid flooring, granite countertops).
    Request Owner's contact information
    412 Seaside Dr Surfside Beach, SC 29575
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    412 Seaside Dr Surfside Beach, SC 29575
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