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$1,500,000

Beds
Unknown
sq ft
6,736

404 14th Ave S, Myrtle Beach, SC 29577

404 14th Ave S

Myrtle Beach, SC 29577

  • 13 days on market
Welcome to The Belvedere, an exceptional 16-unit multi-family apartment complex in the heart of Myrtle Beach, offering both short-term rental potential and long-term tenant stability. This rare investment opportunity boasts an ideal location just steps from the beach, restaurants, shopping, and entertainment, giving residents and vacationers alike easy access to one of South Carolina’s premier beach destinations. Each unit, a mix of efficiency and 1-bedroom layouts, is thoughtfully designed for optimal comfort and functionality, catering perfectly to both long-term and short-term tenants. Situated in a short-term rental approved zone, The Belvedere offers a unique chance to maximize revenue through short-term rentals—a rare find in this highly sought-after area. With monthly rental tenants currently in place, the property already generates steady income, providing the savvy investor with a solid foundation. Myrtle Beach's popularity as a top tourist destination ensures high demand for rental properties, promising strong cash flow and potential appreciation, making The Belvedere an outstanding investment opportunity.

Details

Property type

Apartment

Est. home value

$1,388,007

Lot size

Unknown

Price per sq ft

$223

Year built

1954

HOA

Yes

Price History

11/07/2024
MyrtleBeach

MyrtleBeach #2425601

Listed
$1,500,000

Schools & Community

Elementary school: 

Myrtle Beach Elementary School

Middle school: 

Myrtle Beach Middle School

High school: 

Myrtle Beach High School

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Easy Financial

Loan start date

January 2021

Original loan amount

$910,000

Est. remaining balance

Not provided

Interest rate

2.72%

Loan type

Commercial, 1 year

Seller

Myrtle Ny Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/20/2024 at 7:25 AM

Listing updated: 11/11/2024 at 2:15 PM

Listed by: Russell Auth, Century 21 Palms Realty Phone #: (843) 310-6855

MLS: MyrtleBeach #2425601

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