Atlantic Beach, SC 29582
- N/ABeds
- N/AFull Baths
- N/AHalf Baths
- 8,920SqFt
- 1941Year Built
- 0.00Acres
- MLS# 1722103
- Residential
- Apartment
- Sold
- Approx Time on Market7 months, 7 days
- AreaNorth Myrtle Beach Area--Atlantic Beach
- CountyHorry
- SubdivisionNot Within A Subdivision
Overview
This is a unique opportunity to own a great rental investment property. Its return on investment is in the double digits and positive cash flows. This multi-family property is only 3 blocks from the beach and 2 blocks away from Baywatch Resort. This property consists of 4 masonry block buildings and 3 of the building are 2 stories and the 3rd is 1 story. There is a total of 29 unit which comprise of 11 efficiencies, 15 1-bedroom, and 3 2 bedroom units. There is a central large courtyard for tenants to utilize. The roof was replaced in the beginning of 2017. There is an onsite landlord/maintenance person to collect rent and handle day to day operations. This is a very quiet complex and all units stay rented. Most are long term renters. Most rentals are from the local resorts and landscaping companies for their out of state employees. Owner will consider owner financing with sizable down payment. In the Master Plan Atlantic Beach has implemented to revitalize this area, this property would continue to be Mixed Use but reclassified as Mainstreet 1 (MS1). The intent of the MS1 District is to provide for pedestrian oriented low-density development. The setbacks are 10, maximum height is 5 stories or 55, whichever is less.
Sale Info
Listing Date: 10-17-2017
Sold Date: 05-25-2018
Aprox Days on Market:
7 month(s), 7 day(s)
Listing Sold:
5 Year(s), 11 month(s), 8 day(s) ago
Asking Price: $999,000
Selling Price: $955,000
Price Difference:
Reduced By $44,000
Agriculture / Farm
Grazing Permits Blm: ,No,
Horse: No
Grazing Permits Forest Service: ,No,
Grazing Permits Private: ,No,
Irrigation Water Rights: ,No,
Farm Credit Service Incl: ,No,
Crops Included: ,No,
Association Fees / Info
Hoa Frequency: NotApplicable
Hoa: No
Community Features: LongTermRentalAllowed, ShortTermRentalAllowed
Assoc Amenities: OwnerAllowedMotorcycle, TenantAllowedMotorcycle
Bathroom Info
Total Baths: 0.00
Bedroom Info
Building Info
New Construction: No
Year Built: 1941
Mobile Home Remains: ,No,
Zoning: R4
Construction Materials: Stucco, WoodFrame
Buyer Compensation
Exterior Features
Spa: No
Foundation: Slab
Financial
Lease Renewal Option: ,No,
Garage / Parking
Garage: No
Carport: No
Parking Type: Other
Open Parking: No
Attached Garage: No
Green / Env Info
Interior Features
Fireplace: No
Lot Info
Lease Considered: ,No,
Lease Assignable: ,No,
Acres: 0.00
Land Lease: No
Lot Description: OutsideCityLimits, Rectangular
Misc
Pool Private: No
Offer Compensation
Other School Info
Property Info
County: Horry
View: No
Number of Units Total: 29
Senior Community: No
Stipulation of Sale: None
Property Sub Type Additional: Apartment,MultiFamily
Property Attached: No
Security Features: HeatDetector, SmokeDetectors
Disclosures: LeadBasedPaintDisclosure
Rent Control: No
Room Info
Basement: ,No,
Sold Info
Sold Date: 2018-05-25T00:00:00
Sqft Info
Building Sqft: 8920
Sqft: 8920
Tax Info
Tax Legal Description: ATL BCH; LT 53 & LT 41
Unit Info
Utilities / Hvac
Heating: Electric, SpaceHeater
Cooling: WallWindowUnits
Electric On Property: No
Cooling: Yes
Utilities Available: CableAvailable, ElectricityAvailable, PhoneAvailable, SewerAvailable, UndergroundUtilities, WaterAvailable
Heating: Yes
Water Source: Public
Waterfront / Water
Waterfront: No
Courtesy of Century 21 The Harrelson Group
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