412 27th Ave N Myrtle Beach, SC 29577
Downtown Myrtle Beach NeighborhoodEstimated payment $10,074/month
About This Home
INVESTOR ALERT!!! Welcome to 412 27th Ave N, a fantastic investment property with six completely renovated units. These fabulous income-producing townhouses are located on land zoned MU-H, as per tax records, and are just a short walk from the ocean. Some tenants are already in place. SHORT TERM RENTALS ALLOWED. The two front units, A and D, are approximately 1030 square feet, while the other four units, B, C, E, and F, are 1047 square feet each. Unit C and F feature fenced-in backyards equipped with outdoor seating and grills. Each unit has its own separate water and electric meter, allowing for the option to exclude utilities from rent for higher-income and to reduce the owner’s administrative burden. Step inside each unit to discover a bright, open layout that offers ample space. You’ll find a full-size kitchen with brand-new appliances and comfortable, spacious bedrooms. Each unit is fully furnished and decorated with a modern, minimalist, yet captivating aesthetic. Conveniently located just minutes from local restaurants, shopping, entertainment, and all the attractions Myrtle Beach is famous for, this property presents an ideal investment opportunity. Every unit in this building underwent a comprehensive renovation, incorporating high-end plumbing and electrical building materials. Walls were removed to create larger, more spacious living areas. All doors and windows were replaced as part of this extensive renovation project. Additionally, all showers were converted to tile showers using superior porcelain tiles and modern bath accessories. All kitchen cabinets are brand new, with appliances purchased in 2023. Furthermore, the HVAC units were completely replaced in 2023. The current owner has also invested in a new retaining wall and a privacy fence around the entire building. This is a rare opportunity to own a turnkey investment property that is ready to generate income.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,519
Year Built
- Built in 1986
Parking
- Assigned Parking
Home Design
- 6,244 Sq Ft Home
- Brick Exterior Construction
Schools
- Myrtle Beach Elementary School
- Myrtle Beach Middle School
- Myrtle Beach High School
Utilities
- Central Heating and Cooling System
- Cable TV Available
Additional Features
- Rectangular Lot
- East of US 17
Community Details
Overview
- 6 Units
- Kennington Townes Condos
Pet Policy
- Only Owners Allowed Pets
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 | $4,519 | $17,745 | $12,000 | $5,745 |
| 2023 | $4,519 | $5,472 | $1,242 | $4,230 |
| 2021 | $1,478 | $3,648 | $828 | $2,820 |
| 2020 | $1,410 | $5,472 | $1,242 | $4,230 |
| 2019 | $1,410 | $5,472 | $1,242 | $4,230 |
| 2018 | $0 | $5,346 | $1,080 | $4,266 |
| 2017 | $0 | $5,346 | $1,080 | $4,266 |
| 2016 | $0 | $5,346 | $1,080 | $4,266 |
| 2015 | -- | $5,346 | $1,080 | $4,266 |
| 2014 | $1,352 | $5,346 | $1,080 | $4,266 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/01/2025 12/01/25 | For Sale | $1,849,000 | -- | $296 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $230,000 | -- | |
| Deed | $81,000 | -- |
Source: Coastal Carolinas Association of REALTORS®
MLS Number: 2528512
APN: 42411020596
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