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Property profile & analytics
FOR SALE
Motels

4700 N Ocean Blvd North Myrtle Beach, SC 29582

2,988 SF
Property ID
US77-2007218
Property summary
AI-generated overview

Primely located on Ocean Boulevard in North Myrtle Beach, South Carolina, this income-producing hotel offers an exceptional investment opportunity. The property consists of two buildings encompassing seven rental units: two 2-bedroom/2-bathroom units (each with washer/dryer), four 2-bedroom/1-bathroom units, and one efficiency unit. The 2,988 square foot complex sits on 0.17 acres and includes thirteen parking spaces, a convenient courtyard, a spacious garage/storage area, and an on-site laundry room. Enjoy the benefits of a pet-friendly environment and breathtaking ocean views, ideal for both short-term and long-term rentals. Recent upgrades include a new roof and central HVAC system. Located just blocks from Barefoot Landing, this property offers easy access to popular attractions and amenities. The asking price is $1,600,000. This established rental property presents a strong potential for significant returns. The property's location, amenities, and recent improvements make it a highly desirable investment.

Property profile
Verified
Property type Motels
Total area 2,988 SF
UPID US77-2007218
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
Current use
Occupant on record · Public records
  • Twin Palms North Villa Hotel & Motel Bed & Breakfast
  • Atlantic Winds Condos Condominium Complex
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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