2010 S Ocean Blvd, Myrtle Beach, SC 29577

Appraisal November 2024 : $8,300,000 Current GRI: $1,011,648. (95% occupancy). Total Expenses: $121,838. CapEx, Rent-Roll, P&L are all in associated docs. Completely renovated and Converted into a multifamily property in 2023-2024. 68-unit building located directly on Ocean Blvd in Myrtle Beach South Carolina. Built on a corner lot and sold with an additional parcel currently used as a parking lot. A total of 0.70 acres at one of the most desirable markets just across from the Atlantic Ocean. Completely renovated and Converted into a multifamily property in 2023-2024. The CapEx main List: Installed new pecs water lines throughout building. Sprinkler system installation. New fire alarm installation. Drywall repairs and interior painting. New parking lot on Cassandra Lane. Service all the stand pipes with AAA fire protection. Exterior painting and stucco repair. Elevator by Calvinder elevator. Installed new 120-gallon boiler. Landscaping per city of myrtle beach approved plans. Replaced kitchen cabinets and counter tops in most of the units. Installed new ptac AC units in most units. Exterior of building. Appliances. Demo of previous dwelling on Cassandra Lane and built a new parking lot. P&L, CapEx and Rent-Roll are available and will be shared with qualified buyers. New parking lot on Cassandra Lane. Service all the stand pipes with AAA fire protection. Please call Liat Edri at 843.222.6357 for additional information

Presenting an exceptional investment opportunity at 2010 S. Ocean Blvd, Myrtle Beach, SC 29577—a fully renovated 67-unit multifamily property situated directly on Ocean Boulevard. Occupying a prominent corner lot, this offering includes an additional parcel currently utilized as a parking lot, totaling approximately 0.70 acres in one of Myrtle Beach's most desirable markets, just steps away from the Atlantic Ocean. The property offers One bedroom units and Studio units. Comprehensive Renovations (2023 -2024): Plumbing: Installation of new PEX water lines throughout the building. Fire Safety: Implementation of a new sprinkler system and fire alarm installation; servicing of all standpipes with AAA Fire Protection. Interior Upgrades: Drywall and interior painting; replacement of kitchen, cabinets and countertops in most units; installation of new PTAC AC units. Exterior Enhancements: Exterior painting and stucco. Mechanical Systems: Elevator repairs by Calvinder Elevator company, installation of a new 120-gallon boiler. Parking & Landscaping: Development of a new parking lot on Cassandra Lane; landscaping completed per City of Myrtle Beach approved plans. Appliances: Upgraded appliances throughout the units. Detailed financial documents, including Profit & Loss statements, Capital Expenditure reports, and Rent Rolls, are available and will be shared with qualified buyers upon request. This property represents a turnkey investment in a prime coastal location, offering significant recent upgrades. This is one of only a few Multifamily buildings allowed on Ocean Blvd. Please contact the listing agent to schedule a showing appointment.