2010 S Ocean Blvd Myrtle Beach, SC 29577
Estimated payment $44,344/month
About This Home
Presenting an exceptional investment opportunity at 2010 S. Ocean Blvd, Myrtle Beach, SC 29577—a fully renovated 68-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.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1968
Home Design
- 25,011 Sq Ft Home
- Brick Exterior Construction
- Slab Foundation
- Block Exterior
- Steel Siding
Schools
- Myrtle Beach Elementary School
- Myrtle Beach Middle School
- Myrtle Beach High School
Utilities
- Cooling System Mounted To A Wall/Window
- Cable TV Available
Additional Features
- Property is near a beach
- Rectangular Lot
- East of US 17
Community Details
- 67 Units
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | -- | $98,999 | $53,735 | $45,264 |
| 2023 | $51,635 | $98,999 | $53,735 | $45,264 |
| 2021 | $25,760 | $98,999 | $53,735 | $45,264 |
| 2020 | $25,512 | $98,999 | $53,735 | $45,264 |
| 2019 | $32,143 | $124,728 | $53,736 | $70,992 |
| 2018 | $19,950 | $75,000 | $36,000 | $39,000 |
| 2017 | $19,725 | $75,000 | $36,000 | $39,000 |
| 2016 | -- | $75,000 | $36,000 | $39,000 |
| 2015 | $19,500 | $75,000 | $36,000 | $39,000 |
| 2014 | $18,960 | $75,000 | $36,000 | $39,000 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/27/2025 03/27/25 | For Sale | $7,250,000 | -- | $290 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | -- | |
| Warranty Deed | $4,000,000 | -- | |
| Warranty Deed | $1,025,000 | -- | |
| Deed | $1,850,000 | -- | |
| Warranty Deed | $2,780,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $3,400,500 | Commercial |
Source: Coastal Carolinas Association of REALTORS®
MLS Number: 2507966
APN: 44502020322
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Provided courtesy of the Coastal Carolinas MLS. Copyright 2025 of the Coastal Carolinas MLS. All rights reserved. Information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Coastal Carolinas MLS.
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