Located in the heart of Downtown Myrtle Beach, a designated opportunity zone, 1000 Spivey Ave offers a unique opportunity for investors seeking a value-add multifamily property in the sought-after 29577 zip code. This property consists of three duplex buildings each holding two 2 Bedroom 1 Bath units. Being just minutes from the beach, restaurants, shopping, and entertainment, making it appealing to both long-term tenants and seasonal renters. Each unit features a functional two-bedroom layout, and the property sits on a sizable lot with ample parking. Current rents are below market, presenting the potential to increase income through interior upgrades, modern finishes, and enhanced operational efficiency. With targeted renovations, investors can unlock greater cash flow, and elevate property performance. Take advantage of the opportunity zone tax incentives as well! Check this one out today!
Hoa Frequency: Monthly
Community Features: LongTermRentalAllowed
Total Baths: 0.00
Year Built: 1950
Zoning: RMM
Construction Materials: Block
Foundation: Slab
Parking Type: Other
Acres: 0.00
Lot Size: 78' x 169' x 78' x 169'
Lot Description: CityLot, Rectangular, RectangularLot
County: Horry
Number of Units Total: 6
Stipulation of Sale: None
Property Sub Type Additional: Apartment,MultiFamily
Security Features: HeatDetector, SmokeDetectors
Construction: Resale
Total Sqft: 2976
Living Area Source: PublicRecords
Sqft: 2976
Heating: Electric
Cooling: WallWindowUnits
Cooling: Yes
Utilities Available: CableAvailable, ElectricityAvailable, PhoneAvailable, SewerAvailable, WaterAvailable
Heating: Yes
Water Source: Public
Elem: Myrtle Beach Elementary School
Middle: Myrtle Beach Middle School
High: Myrtle Beach High School
Courtesy of Keller Williams The Forturro Group