Located in a highly sought-after rental pocket of Myrtle Beach, 604 37th Ave N offers a rare chance to acquire a multifamily asset just a short walk (roughly three blocks) from the beach, a location attribute that consistently supports strong tenant demand and durable occupancy. This building hosts a an excellent unit mix including four 1 bedroom and four 2 bedroom units. From an investor perspective, the upside is straightforward and meaningful. The beach-adjacent setting creates runway for rent growth through renovations and unit modernization, while a professional management approach can improve NOI via expense controls, tighter leasing/collections, and standardizing unit turns. The areas mix of year-round renters and coastal demand supports strong absorption, and updated interiors can reposition the asset to compete at the top of its submarket. This aggressively priced building is ready to sell!
Hoa Frequency: Monthly
Community Features: LongTermRentalAllowed
Assoc Amenities: OwnerAllowedMotorcycle, PetRestrictions, TenantAllowedMotorcycle
Total Baths: 0.00
Year Built: 1973
Zoning: MF
Construction Materials: BrickVeneer
Foundation: Slab
Acres: 0.00
Lot Description: CityLot, Rectangular, RectangularLot
Pets Allowed: OwnerOnly, Yes
County: Horry
Number of Units Total: 8
Stipulation of Sale: None
Property Sub Type Additional: Apartment,MultiFamily
Security Features: HeatDetector, SmokeDetectors
Construction: Resale
Total Sqft: 6648
Living Area Source: PublicRecords
Sqft: 6648
Heating: Central, Electric
Cooling: CentralAir
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