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Property profile & analytics
OFF-MARKET
Commercial real estate

412 29Th Ave Myrtle Beach, SC 29577

2,518 SF Built 1951
Property ID
US77-0631309
Property summary
AI-generated overview

This exceptional three-unit apartment building, located at 412 29th Ave N in Myrtle Beach, South Carolina, presents a compelling investment opportunity. Built in 1951, the property boasts a total of 2,518 square feet and is offered at $965,000 ($397 per square foot). The main structure features two identical two-bedroom, one-bathroom units, each equipped with a stove, refrigerator, and ample natural light. One unit also includes a dishwasher and microwave. Both units offer either a deck, porch, or patio. A separate guest cottage, included in the square footage, provides an additional one-bedroom, one-bathroom unit with its own kitchen and living room. This versatile space could serve as a caretaker's residence or generate additional rental income. The property features a large front porch, perfect for gatherings, and a separate side entrance for one of the main units. The second floor of the main building is accessible via an interior staircase or a private exterior entrance. An enclosed sunroom sits atop the front porch, adding extra living space. The property also includes ample storage space behind the guest house, potentially usable as a workshop. The MU-H zoning allows for potential commercial use. All measurements are approximate and should be verified independently. This property is ideally situated just a block from the beach, offering unparalleled convenience and high rental demand. The property's layout and features make it suitable for both short-term and long-term rentals.

Property profile
Verified
Property type Commercial real estate
Year built 1951
Total area 2,518 SF
UPID US77-0631309
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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