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Presenting an exceptional investment opportunity at 2010 S. Ocean Blvd, Myrtle Beach, SC 29577—a fully renovated 68-unit multifamily property situated directly on Ocean Boulevard. Occupying a prominent corner lot, this offering includes an additional parcel currently utilized as a parking lot, totaling approximately 0.70 acres in one of Myrtle Beach’s most desirable markets, just steps away from the Atlantic Ocean. The property offers One bedroom units and Studio units. Comprehensive Renovations (2023-2024): Plumbing: Installation of new PEX water lines throughout the building. Fire Safety: Implementation of a new sprinkler system and fire alarm installation; servicing of all standpipes with AAA Fire Protection. Interior Upgrades: Drywall and interior painting; replacement of kitchen cabinets and countertops in most units; installation of new PTAC AC units. Exterior Enhancements: Exterior painting and stucco. Mechanical Systems: Elevator repairs by Calvinder Elevator company, installation of a new 120-gallon boiler. Parking & Landscaping: Development of a new parking lot on Cassandra Lane; landscaping completed per City of Myrtle Beach approved plans. Appliances: Upgraded appliances throughout the units. Detailed financial documents, including Profit & Loss statements, Capital Expenditure reports, and Rent Rolls, are available and will be shared with qualified buyers upon request. This property represents a turnkey investment in a prime coastal location, offering significant recent upgrades. This is one of only a few Multifamily buildings allowed on Ocean Blvd. Please contact the listing agent to schedule a showing appointment.
Basic Details
Property Type: Residential
Listing Type: For Sale
Listing ID: 2507966
Price: $7,250,000
Square Footage: 25,011
Year Built: 1968
Listing Status: Active
Property Sub Type: Other
Features
Heating SystemElectric
Cooling SystemWall/Window Unit(s)
ParkingOther
UtilitiesElectricity Available, Cable Available, Sewer Available, Water Available, Other
Address Map
CountryUS
StateSC
CountyHorry
CityMyrtle Beach
Zipcode29577
Street: S Ocean Blvd.
Street Number: 2010
Zoning: TA -120
Directions: Located at the corner of Ocean Blvd and 21st Ave S.
Mls Area Major: 16G Myrtle Beach Area--Southern Limit to 10TH Ave N
Neighborhood
Elementary School: Myrtle Beach Elementary School
High School: Myrtle Beach High School
Middle School: Myrtle Beach Middle School
Additional Information
Water Source: Public
Association Amenities: Owner Allowed Motorcycle,Tenant Allowed Motorcycle
Building Size: 28190
Community Features: Long Term Rental Allowed, Short Term Rental Allowed
Construction Materials: Block, Concrete, Brick Veneer, Steel
Foundation Details: Slab
Lot Features: Rectangular, City Lot, Rectangular Lot