505 28th Ave

Discover a unique investment opportunity in the heart of Myrtle Beach, one of South Carolina's most sought-after locations. This 19-unit apartment building, comprised entirely of studio apartments, offers a steady income stream and significant growth potential.

Property Highlights:

• Studio Apartments: All 19 units are designed for efficient living, providing a perfect blend of comfort and functionality. Please note, these studios do not include stoves.
• High Occupancy: Currently, the property enjoys a high occupancy rate, with only 5 units vacant. Two of these units are already leased for June, ensuring consistent cash flow.
• On-Site Laundry: An on-site laundry facility with 4 machines adds convenience for residents and generates additional income for you.

Community and Tenant Stability:

• Veteran Residents: A substantial number of tenants are veterans benefiting from housing assistance programs, providing stability and reliability in rent payments. This loyal tenant base offers a predictable and consistent income stream, minimizing common rental property risks.

Investment Growth Potential:

• Revenue Opportunities: Myrtle Beach's strong demand for affordable housing, coupled with the recent rent increase, highlights the potential for ongoing revenue growth. There is still room for further rent adjustments, making this an attractive investment for future gains.

Prime Location Benefits:

• Proximity to Beaches: Just moments away from Myrtle Beach’s stunning coastline, offering tenants easy access to the area's top attraction.
• Convenient Amenities: Close to shopping, dining, and entertainment options, enhancing the desirability of the location.
• Transportation Access: Excellent connectivity to public transportation and major highways ensures easy commuting for residents.

Don't miss this rare opportunity to invest in a property with steady income and future growth potential in one of Myrtle Beach's most desirable neighborhoods. This 19-unit studio apartment building is a prime choice for savvy investors looking to capitalize on the thriving Myrtle Beach rental market.