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Myrtle Beach,SC 29577
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 728 sqft
Price per Sqft $357
Subdivision Not Within A Subdivision
MLS Listing ID 2521772
HOA Fees $479/mo
Year Built 1976
Property Sub-Type Other
Property Description
Attention investors. Your dream of having an affordable and profitable place by the beach just became a reality. These units are waiting for your flip flops and beach investment portfolio. Each unit is generating approximately 14400 in annual rental income at 1200 per month. Four units are generating approximately 57600 annually, at 4800 monthly rental income. Units 103 and 104 have been painted. This is a block of four, 182 sq ft efficiencies, in the heart of Myrtle Beach. These all have been rented long term, for several years. The same tenants have been in place for several years. Some would like to stay if possible. Two are leaving at the end of September. Refrigerator and kitchenette with dual electric burners keep a simple yet functional kitchen. One block from the beach and a block from the Second Avenue Pier, Ocean Side Villas is a little bit of Myrtle Beach paradise. Enjoy the boardwalk and ocean, then relax out back by the private salt-water pool or just sit out front and enjoy the sites. The pool area has a BBQ grill area, patio furniture and an outdoor shower as well. Private off-street parking. HOA fees include unit electric, water/sewer, Spectrum cable and internet, common electric, outside maintenance and insurance. The owner has four efficiency units for sale at Ocean Side Villas. This listing is offering a package of four units. Any unit can be purchase individually or as part of a package group of 2 units, 3 units or 4 units. All are currently rented without leases. Two units will be vacant at the end of September. See other listings. All of the units are in good to decent condition. A rehab with LVP and paint would increase the overall value in addition to rental potential. Unit 108 (pictured but not for sale) is a great example of what can be accomplished. Buyer and buyer's agent are responsible for confirmation all listing information. Photos are of units 103 and 104. (Empty unit is for photo purposes only)
Location
State SC
County Horry
Community Not Within A Subdivision
Area 16G Myrtle Beach Area--Southern Limit To 10Th Ave N
Building/Complex Name Ocean Side Villas
Zoning MF
Interior
Cooling Wall/ Window Unit(s)
Exterior
Parking Features Other
Pool Association, Community
Community Features Pool,Long Term Rental Allowed,Short Term Rental Allowed
Utilities Available Cable Available, Electricity Available, Sewer Available, Water Available
Amenities Available Owner Allowed Motorcycle,Pool,Pet Restrictions,Tenant Allowed Motorcycle
View Ocean
Building
Lot Description City Lot, Irregular Lot
Foundation Slab
Water Public
Schools
Elementary Schools Myrtle Beach Elementary School
Middle Schools Myrtle Beach Intermediate School
High Schools Myrtle Beach High School
Others
Monthly Total Fees $479
Acceptable Financing Cash,Conventional,FHA
Listing Terms Cash,Conventional,FHA
Special Listing Condition None
Pets Allowed Owner Only, Yes