tomo logo

$1,090,000

Beds
Unknown
sq ft
6,200

502 6th Ave N, Myrtle Beach, SC 29577

502 6th Ave N

Myrtle Beach, SC 29577

  • 56 days on market
Prime investment opportunity in Myrtle Beach! This well-maintained 9-unit multi-family property is just one block from the ocean and close to top dining, shopping, and entertainment. Featuring a mix of six 2-bed/1.5-bath units, two 2-bed/1-bath units, and one 1-bedroom unit, most have been updated with new flooring, appliances, and fresh paint. The building is primarily tenant-occupied, generating immediate cash flow. Separate electric meters for each unit, with water included in rent. Zoned commercial, allowing for both long-term and short-term rental options. Don't miss this high-potential income property in a prime coastal location right near downtown Myrtle Beach that is growing fast!

Details

Property type

Apartment

Est. home value

$750,337

Lot size

Unknown

Price per sq ft

$176

Year built

1959

HOA

Yes

Price History

02/05/2025
MyrtleBeach

MyrtleBeach #2502914

Listed
$1,090,000
+81.67%
04/01/2021
MyrtleBeach

MyrtleBeach #2013057

Sold
$600,000
+66.67%
11/13/2018
MyrtleBeach

MyrtleBeach #1820171

Sold
$360,000

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

Coastal Federal Bank

Loan start date

August 2003

Original loan amount

$1,800,000

Est. remaining balance

Not provided

Interest rate

4.63%

Loan type

Commercial, 10 year

Seller

Pavil Corp

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: 04/02/2025 at 8:30 PM

Listing updated: 03/03/2025 at 1:50 AM

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

MLS: MyrtleBeach #2502914

MyrtleBeach logo

Recently listed in Myrtle Beach

$2,295,000|5 bd|5.5 ba|House
$349,000|3 bd|2.0 ba|Manufactured

Explore top cities in South Carolina