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    Apartment buildings

    400 Hillside Dr, North Myrtle Beach, SC 29582

    11,576 SF Built 2006
    Property ID
    Property summary
    AI-generated overview

    This exceptional 2-unit apartment building, located at 400 Hillside Dr. S, unit A & B, Atlantic Beach, SC 29582, presents a lucrative investment opportunity. Boasting a total of 16 bedrooms and 14 full bathrooms, each unit mirrors the other with 8 bedrooms and 7 bathrooms, offering flexibility for large groups or individual rentals. The property features a connecting door between units for even greater capacity. Recent upgrades include a new roof (2023) and six brand-new HVAC units. Each unit enjoys private elevator access and dedicated parking. The lower two floors house the bedrooms, with three bathrooms on each level. The top floor showcases expansive common areas, including game rooms, living rooms, open kitchens, an additional full bathroom in each unit, and laundry rooms. Six balconies provide stunning ocean views. Additional amenities include a private pool nestled into a hillside for enhanced privacy, a grilling area, and new furniture and LVP flooring. The property is conveniently located just one block from the beach and four blocks from North Myrtle Beach's Main Street, offering easy access to shops, restaurants, and entertainment. With a proven income history, this property is an investor's dream, encompassing 11,576 square feet on two APNs: 35608030104 and 35608030103. The asking price is $1,975,000. Built in 2006, this property offers a strong return on investment.

    Property profile
    Verified
    Property type Apartment buildings
    Year built 2006
    Total area 11,576 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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