400 Hillside Dr, North Myrtle Beach, SC 29582
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.