301-303 27th Ave. S,North Myrtle Beach, SC 29582
North Myrtle Beach, SC 29582
Description
Rare opportunity to acquire a strategically located multifamily investment property comprised of 301-303 27th Ave South & 2702 Perrin Drive, positioned on a double corner lot in the highly desirable Crescent Beach section of North Myrtle Beach just 485 feet from the Atlantic Ocean and Crescent Beach public access! With strategic renovations and cosmetic updates, this asset offers significant upside potential through rent growth and repositioning. The premier Crescent Beach location and being just steps from the ocean creates a powerful opportunity to modernize units, enhance curb appeal, and elevate the property into a higher performing coastal rental. Renovated units in this submarket command premium rents, particularly for furnished and short-term rental conversions, making this property well-suited for increased cash flow, improved tenant quality, and long-term appreciation. The property benefits from public utilities, R-4 zoning for multi-unit residential use, and proximity to schools, shopping, and major attractions. Delight tenants with easy beach access, coastal lifestyle appeal, and strong walkability to local favorites. Whether you’re expanding your multifamily portfolio, seeking a high-demand STR asset, or pursuing a value-add coastal property, this Crescent Beach investment is located in one of the Grand Strand’s most sought-after submarkets don’t miss out!
Details
| MLS # | 2600175 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1960 |
| Days On Site | 234 |
| Listing Provided By | Keller Williams The Forturro Group | Jeff Forman |
Features
| SQ Feet | 7,348 |
|---|---|
| Units | 10 |
| Zoning | R-4 |
Interior
| Cooling Yes / No | Yes |
|---|---|
| Cooling | Central Air |
| Heating Yes / No | Yes |
| Heating | Central, Electric |
Exterior
| Security Features | Heat Detector, Smoke Detectors |
|---|---|
| Construction Materials | Vinyl Siding, Wood Frame |
| Foundation Details | Slab |
| Lot Features | Corner Lot, City Lot, Rectangular, Rectangular Lot |
Parking
| Parking Features | Other |
|---|
Utilities
| Utilities | Electricity Available, Sewer Available, Water Available |
|---|
Location
| Community Features | Long Term Rental Allowed, Short Term Rental Allowed |
|---|
Area Information
| State | SC |
|---|---|
| County | Horry |
| City | North Myrtle Beach |
| Zip Code | 29582 |
| Area | 11C North Myrtle Beach Area Crescent Beach |
| Community Name | Not within a Subdivision |
| Listing VS Median (in Not within a Subdivision) | |
Price: $1,050,000 low | high Med: $359,900 sqft: 7,348 low | high Med: 1,609 $ / sqft: $143 low | high Med: $224 On site: 234 low | high Med: 75 | |
Market Activity 29582
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Learn More About This Property
| State | SC |
|---|---|
| County | Horry |
| City | North Myrtle Beach |
| Zip Code | 29582 |
| Area | 11C North Myrtle Beach Area Crescent Beach |
| Community Name | Not within a Subdivision |
| Listing VS Median (in Not within a Subdivision) | |
Price: $1,050,000 low | high Med: $359,900 sqft: 7,348 low | high Med: 1,609 $ / sqft: $143 low | high Med: $224 On site: 234 low | high Med: 75 | |