NOT LISTED FOR SALE
8 Beds
4 Baths
8,094 Sq Ft
1984 Built

Sale Details

Date Sold: April 11, 2024

Last sale price $1,175,000 $145 Per Sq Ft

45 Days on Market

Highlights

  • Central Heating and Cooling System
  • Ocean Drive Elementary School Rated A
  • Rectangular Lot

About This Home

As of April 2024

Welcome to this recently remodeled TEN UNIT multifamily property just a 5 minute walk to the ocean with Short Term Rentals Allowed!With a total of 20 bedrooms, Each of the 10 units is equipped with two bedrooms and 1 bath, fully equipped kitchens including granite countertops, plenty of parking for guests or tenants, as well as incredible income potential! Some key upgrades include brand new furnishings throughout all units, HVAC in each unit 2023, LVP flooring in each unit, brand new bathtub surrounds and toilets in each, all freshly painted units! This place is ready to fill calendars with bookings throughout the year! Ask your agent for the full list of upgrades that have been completed and stop by to take a look today!

Last Agent to Sell the Property

The Forturro Group

Keller Williams The Forturro Group Listed on: 11/18/2023

Co-Listed By

Jeff Forman

Keller Williams The Forturro Group License #111037

Last Buyer's Agent

The Forturro Group

Keller Williams The Forturro Group Listed on: 11/18/2023

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Property Details

Home Type

  • Apartment

Year Built

  • Built in 1984

Home Design

  • 8,094 Sq Ft Home
  • Slab Foundation
  • Block Exterior
  • Steel Siding

Schools

  • Ocean Bay Elementary School
  • North Myrtle Beach Middle School
  • North Myrtle Beach High School

Utilities

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

Additional Features

  • Rectangular Lot
  • East of US 17

Listing and Financial Details

  • Short Term Rentals Allowed
  • Long Term Rental Allowed

Community Details

Overview

  • 10 Units
  • The Black Pearl Condos

Pet Policy

  • Only Owners Allowed Pets

Property Details

Home Type

Apartment

Year Built

Built in 1984

Listing Details

  • Lot Description: Rectangular
  • Amenities Available: Short Term Rental Allowed, Long Term Rental Allowed, Owner Allowed Motorcycle, Tenant Allowed Motorcycle, Owner Allowed Pet
  • Estimated Year Built: 1984
  • Class: Multi-Family
  • HOA Fee Frequency: Does Not Have Hoa
  • Lvt Date: 11/18/2023
  • Total Heated Sq Ft: 8094
  • Complex Name: The Black Pearl
  • Estimated Gross Scheduled Rent: 203000
  • Misc Structural: Sep. Electric Meter, Indiv. Heat & Air
  • Number2 Br Units: 10
  • Safety Features: Smoke/Heat Detector
  • Geo Subdivision: SC
  • Section Subdivision: ATLANTIC BEACH
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1984

Interior Features

  • Total Sq Ft: 8094

Exterior Features

  • Exterior Finish: Block, Concrete & Steel
  • Foundation: Slab

Garage/Parking

  • Type: Apartments

Utilities

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

Lot Info

  • Lot Location: East Of Bus. 17, East Of Highway 17 Bypass
  • Zoning: MF

Multi Family

  • Number Of Units: 10

MLS Schools

  • Elementary School: Ocean Bay Elementary
  • HighSchool: North Myrtle Beach High School
  • Middle School: North Myrtle Beach Middle School

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 18, 2023
Closed on
Apr 3, 2024
Sold by
Copeny Enterprises Incorporated Inc
Bought by
Seller's Agent
The Forturro Group
Keller Williams The Forturro Group
Buyer's Agent
The Forturro Group
Keller Williams The Forturro Group
List Price
$1,250,000
Sold Price
$1,175,000
Premium/Discount to List
-$75,000
-6%
Views
150

Purchase Details

Listed on
Sep 28, 2021
Closed on
Aug 23, 2022
Sold by
612 31St Avenue Llc
Bought by
Copeny Enterprises Incorporated Inc
Seller's Agent
Chris Koppel Team
INNOVATE Real Estate
Buyer's Agent
Jeff Forman
Keller Williams The Forturro Group
List Price
$950,000
Sold Price
$870,000
Premium/Discount to List
-$80,000
-8.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.25%
Original Mortgage
$875,000
Interest Rate
5.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 27, 2013
Sold by
Abiding Branch Of Sc Inc
Bought by
Num 612 31St Avenue Llc

Purchase Details

Closed on
Jul 30, 2002
Sold by
Ham Joyce J
Bought by
Abiding Branch Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
6.52%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,175,000 --
Copeny Enterprises Incorporated Inc $870,000 --
Num 612 31St Avenue Llc $285,000 --
Abiding Branch Inc $175,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $875,000
Previous Owner 612 31St Avenue Llc $326,400
Previous Owner Abiding Branch Inc $275,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/11/2024 04/11/24 Sold $1,175,000 -2.1% $145 / Sq Ft
12/13/2023 12/13/23 Price Changed $1,199,999 -4.0% $148 / Sq Ft
11/18/2023 11/18/23 For Sale $1,250,000 +43.7% $154 / Sq Ft
08/25/2022 08/25/22 Sold $870,000 -8.4% $108 / Sq Ft View Prior Sale
12/15/2021 12/15/21 Pending -- -- --
09/28/2021 09/28/21 For Sale $950,000 -- $117 / Sq Ft
Source: Coastal Carolinas Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $19,263 $0 $0 $0
2024 $19,263 $66,998 $18,000 $48,998
2023 $16,766 $20,397 $3,623 $16,774
2021 $8,200 $29,280 $4,950 $24,330
2020 $5,849 $29,280 $4,950 $24,330
2019 $5,849 $29,280 $4,950 $24,330
2018 $0 $17,736 $3,150 $14,586
2017 $5,204 $17,736 $3,150 $14,586
2016 -- $17,736 $3,150 $14,586
2015 $5,204 $17,736 $3,150 $14,586
2014 $5,076 $17,736 $3,150 $14,586
Source: Public Records

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Map

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 2323554

Coastal Carolinas Association of REALTORS®
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