NOT LISTED FOR SALE
5 Beds
3 Baths
5,580 Sq Ft
1997 Built

Last Sold November 16, 2016

Last sale price $410,000 $73 Per Sq Ft

113 Days on Market

About This Home

As of November 2016

Don't miss this opportunity for a great investment! If you're looking for passive income at 10% cap rate, this is the perfect property for you! This multi-family 5 unit property, 4 (2) br. and 1 (3) is located in the heart of Myrtle Beach within walking distance to the ocean, local schools and shopping. All units are rented on annual leases bringing in EXCELLENT INCOME and VERY LITTLE OVERHEAD. 4 out of the 5 units have been updated, roof replaced in 2013 and beautifully landscaped. Call your realtor today to schedule a showing.

Last Agent to Sell the Property

Efrat Shahar

Coastal Premier RE Services License #62483 Listed on: 07/12/2016

Last Buyer's Agent

Efrat Shahar

Coastal Premier RE Services License #62483 Listed on: 07/12/2016

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1997

Lot Details

  • Rectangular Lot

Parking

  • Assigned Parking

Home Design

  • 5,580 Sq Ft Home
  • Brick Exterior Construction
  • Slab Foundation
  • Wood Frame Construction

Schools

  • Myrtle Beach Elementary School
  • Myrtle Beach Middle School
  • Myrtle Beach High School

Utilities

  • Central Heating and Cooling System
  • Underground Utilities
  • Phone Available
  • Cable TV Available

Community Details

  • 5 Units
  • Townhouse Estates Condos

Property Details

Home Type

Apartment

Year Built

Built in 1997

Lot Details

0

Listing Details

  • Lot Description: Rectangular
  • Four Sided Lot Measurement: 119x148x119x148
  • Estimated Year Built: 1997
  • Class: Multi-Family
  • HOA Fee Frequency: Does Not Have Hoa
  • Lvt Date: 07/12/2016
  • Sold Total Heated Sq Ft: 5580
  • Sold Total Sq Ft: 5760
  • Total Heated Sq Ft: 5580
  • Two Bedroom Rent Range: $875.00-$925.00
  • Three Bedroom Rent Range: $950.00
  • Complex Name: Townhouse Estates
  • Estimated Gross Scheduled Rent: 53,700
  • Estimated Operating Expense: 10,900
  • Misc Structural: Indiv. Heat & Air, Individual Water Heater, Sep. Electric Meter
  • Number2 Br Units: 4
  • Number3 Br Units: 1
  • Safety Features: Smoke/Heat Detector
  • Utilities Owner Pays: Water/Sewer
  • Geo Subdivision: SC
  • Section Subdivision: Not within a Subdivision
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1997

Interior Features

  • Total Sq Ft: 5760

Exterior Features

  • Exterior Finish: Brick Veneer, Wood Frame
  • Foundation: Slab

Garage/Parking

  • Type: Apartments
  • Parking: Assigned Parking

Utilities

  • Utilities Available: Cable Tv, Electricity, Sewer, Telephone, Underground Utilities, Water Public
  • Heating Cooling: Central Air, Central Heat

Schools

  • Elementary School: Myrtle Beach Elementary School
  • Middle School: Myrtle Beach Middle School
  • High School: Myrtle Beach High School

Lot Info

  • Lot Location: Inside City Limits
  • Zoning: RM-16

Multi Family

  • Number Of Units: 5

MLS Schools

  • Elementary School: Myrtle Beach Elementary School
  • HighSchool: Myrtle Beach High School
  • Middle School: Myrtle Beach Middle School

Range of Values:

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Average Value
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/16/2016 11/16/16 Sold $410,000 -4.6% $73 / Sq Ft
11/02/2016 11/02/16 Pending -- -- --
07/12/2016 07/12/16 For Sale $429,900 -- $77 / Sq Ft
Source: Coastal Carolinas Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 1614268

Coastal Carolinas Association of REALTORS®