412 Seaside Dr Surfside Beach, SC 29575
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Beachfront Duplex, High ROI, 2 Units
Property size:
3,696 SFProperty 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
Listing Agency: Keller Williams Myrtle Beach Listing Agent: Jeff Forman
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
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 Profile
Location Intelligence
Current Use by Public Records
Commercial real estate
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).
