NOT LISTED FOR SALE
8 Beds
4 Baths
4,140 Sq Ft
1969 Built

Last Sold August 31, 2020

Last sale price $400,000 $97 Per Sq Ft

11 Days on Market

About This Home

As of August 2020

Perfect investment opportunity providing immediate positive cash flow! The units have mostly been updated and all units are tenant occupied and long term tenants in place, providing immediate positive cash flow and low overhead. Located in the heart of Myrtle Beach, this all brick property offers four (2) bedroom units, all updated and rented on an annual basis. Each unit features updated kitchen, washer and dryer connection in unit, central AC and each unit is spacious at a bit over 1000 square feet. Property is located within walking distance to local schools, shopping centers and the Atlantic Ocean!

Last Agent to Sell the Property

Efrat Shahar

Coastal Premier RE Services License #62483 Listed on: 05/18/2020

Last Buyer's Agent

Kris Pankhania

Century 21 The Harrelson Group License #83285

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1969

Lot Details

  • Rectangular Lot

Parking

  • Assigned Parking

Home Design

  • 4,140 Sq Ft Home
  • Brick Exterior Construction
  • Slab Foundation

Schools

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

Utilities

  • Central Heating
  • Underground Utilities
  • Phone Available
  • Cable TV Available

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Lot Description: Rectangular
  • Estimated Year Built: 1969
  • Class: Multi-Family
  • HOA Fee Frequency: Does Not Have Hoa
  • Lvt Date: 05/18/2020
  • Sold Total Heated Sq Ft: 4140
  • Sold Total Sq Ft: 4300
  • Total Heated Sq Ft: 4140
  • Two Bedroom Rent Range: $925-$950
  • Estimated Gross Scheduled Rent: $45,000 annually
  • Misc Structural: Indiv. Heat & Air, Individual Water Heater, Sep. Electric Meter
  • Number2 Br Units: 4
  • Safety Features: Lead Based Paint Disc.
  • Utilities Owner Pays: Water/Sewer
  • Geo Subdivision: SC
  • Section Subdivision: Not within a Subdivision
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1969

Interior Features

  • Total Sq Ft: 4300

Exterior Features

  • Exterior Finish: Brick Veneer
  • Foundation: Slab

Garage/Parking

  • Type: Quad
  • Parking: Assigned Parking

Utilities

  • Utilities Available: Cable Tv, Electricity, Sewer, Telephone, Underground Utilities, Water Public
  • Heating Cooling: 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: Res

Multi Family

  • Number Of Units: 4

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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List Price
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
08/31/2020 08/31/20 Sold $400,000 -2.4% $97 / Sq Ft
05/18/2020 05/18/20 For Sale $410,000 +31.2% $99 / Sq Ft
08/24/2018 08/24/18 Sold $312,500 -5.3% $104 / Sq Ft
07/03/2018 07/03/18 For Sale $330,000 +46.7% $110 / Sq Ft
02/03/2015 02/03/15 Sold $225,000 -16.4% $75 / Sq Ft
12/16/2014 12/16/14 Pending -- -- --
11/11/2014 11/11/14 For Sale $269,000 +45.4% $90 / Sq Ft
05/24/2013 05/24/13 Sold $185,000 -31.2% $71 / Sq Ft
11/07/2012 11/07/12 Pending -- -- --
09/03/2012 09/03/12 For Sale $269,000 -- $103 / 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: 2010013

Coastal Carolinas Association of REALTORS®