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Listed by Sam Bamrick • Palmetto Properties SC
$ 1,525,000
Est. payment /mo
Active
2201 John Henry Ln. Myrtle Beach, SC 29579
5,250 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 5,250 sqft
Price per Sqft $290
Subdivision Waccamaw Trace
MLS Listing ID 2412646
HOA Y/N No
Year Built 2000
Property Sub-Type Triplex
Property Description
Investment Opportunity with Immediate Cash Flow and Future Growth Potential 2201 John Henry Lane is a rare gem in Myrtle Beach, offering a turnkey investment with six fully rented units and a solid rental history. With tenants spanning up to 7 years, the property boasts stability and reliable income Recent upgrades, including a 1-year-old roof (30-year lifespan) and new HVAC units replaced in the last two years, ensure low maintenance costs for years to come. The property also has tremendous upside potential. By updating the units, annual rental income could increase to, maximizing your return on investment. Located in a prime area near Myrtle Beach, this property is perfect for investors seeking immediate returns and long-term growth. With self-insurance in place, reasonable taxes, and a competitive insurance quote, operating expenses remain manageable. Additionally, the parcel is currently being surveyed, with a second building being divided into a separate parcel, creating additional opportunities for future development or sale. Whether you're a seasoned investor or looking to expand your portfolio, this property offers exceptional value and potential. Don't miss out on this incredible opportunity! Contact us today for more details or to schedule a showing!
Location
State SC
County Horry
Community Waccamaw Trace
Area 24A Myrtle Beach Area--South Of 501 Between West Ferry & Burcale
Building/Complex Name Briar Rose
Zoning CFA
Interior
Fireplace No
Schools
Elementary Schools River Oaks Elementary
Middle Schools Ten Oaks Middle School
High Schools Carolina Forest High School
Others
Senior Community No
Tax ID 42715010015
Special Listing Condition None
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