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Coastal Carolina Group

Innovate Real Estate-Coastal Carolina Group

sellingcoastalcarolinas@gmail.com

Listed by Jeffrey J Celentano • Realty ONE Group Dockside

$ 260,000

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Active

307 Flagg St. Myrtle Beach, SC 29577

728 SqFt

UPDATED:

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

Municipality Not within a Subdivision

Subdivision Not Within A Subdivision

MLS Listing ID 2521772

Construction Status Resale

HOA Fees $479/mo

HOA Y/N Yes

Year Built 1976

Property Sub-Type Other

Source CCAR

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)

Fireplace No

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

Construction Status Resale

Schools

Elementary Schools Myrtle Beach Elementary School

Middle Schools Myrtle Beach Intermediate School

High Schools Myrtle Beach High School

Others

Senior Community No

Restrictions Community Restrictions

Tax ID 44305020015

Monthly Total Fees $479

Security Features Heat Detector,Smoke Detector(s)

Acceptable Financing Cash, Conventional, FHA

Disclosures Covenants/Restrictions Disclosure, Lead Based Paint Disclosure

Listing Terms Cash, Conventional, FHA

Special Listing Condition None

Pets Allowed Owner Only, Yes

Coastal Carolinas Multiple Listing Service, Inc (CCMLS)

Coastal Carolina Group

Client Care Specialist

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