$245,000

505 28th Ave. S

North Myrtle Beach SC, 29582

Description

Charming Beach Cottage duplex just steps to the ocean and beach. Both units (2 bedroom and 1 bath) were remodeled two years ago and are fully rented with great long term tenants in place, currently leased month to month. Low maintenance property and very easy to manage. Property feels private sitting back from the road with large beautiful oak trees and a greenbelt to the rear. Each side has their own private fenced yard. NO HOA and property is NOT in a designated flood zone. Looking for a great return on your investment? Check out this property with a CAP of nearly 7% (annual net return). This property is a perfect turn key investment for investors with it's low maintenance. If you are a a homebuyer, you can take advantage of the low down payment, rental income helps to qualify for a loan, low interest rates and local tax breaks for owner occupied. Live in one side and rent the other! Property could also work as a short term vacation rental. Take advantage of the low interest rates and great financing terms out there to get a great return on your investment.

Details

MLS#2101698
Listing TypeFor Sale
Sub-TypeResale
Status1_7
Year0
Days On Site36

Features

Units2
Building(s)1

Market Activity 29582

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Area Information
StateSC
CountyHorry
CityNorth Myrtle Beach
Zip Code29582
Area11C North Myrtle Beach Area--Cre
Listing VS Median (in 29582)
Price:
$245,000
low | high
Med:
$289,000
32.040816326531% of Average
On Site:
36
low | high
Med:
40
90% of Average
Listing Updated: February 28, 2021 8:04:37 PM PST
Ralph Harvey LogoMLS Number: 2101698
Listing Provided By:
Ralph Harvey  of  ListWithFreedom.com Inc
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Coastal Carolina Association of Realtors.