412 Seaside Dr Surfside Beach, SC 29575
- Apartment buildings
- 3,696 SF
- 0.14 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 412 Seaside Dr
- Year built
- 1994
- Lot size
- 0.14 lot acres
- Property size
- 3,696 SF
- Property type
- Apartment buildings
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Surfside Beach
- County
- Horry
- State
- South Carolina
- Longitude
- -78.9753
- Latitude
- 33.602
