403 6th Avenue South

Myrtle Beach SC 29577

6889 sq. ft.

Apartment

Currently for sale - view listing

Overview

Introducing the Atlantic Holiday Motel, a rare 21-unit apartment building located just steps from the beach with outstanding income potential. This ocean-view property offers both short-term and long-term rental flexibility, making it an ideal investment opportunity. The seller is willing to consider offers with owner financing. The building features efficiency apartments, appealing to a wide range of tenants and guests. Each unit is equipped with a kitchenette and a private balcony, enhancing comfort and rental appeal. Individual heating and cooling systems in every unit allow for efficient, tenant-controlled climate management. An on-site office with an attached one-bedroom apartment provides an excellent option for live-in management or additional rental income. Coin-operated laundry facilities are conveniently located on the ground level for tenant use. The property also includes ample storage rooms and a dedicated utility room, adding to operational efficiency. Guests and residents can enjoy the community pool, a highly desirable amenity in this beachside setting. With a current gross rental income of approximately 226,800 annually, (setup as long term rentals), this property offers immediate cash flow. Its prime location delivers ocean views and places it seconds from the beach and local attractions. Shopping, dining, and entertainment options are all nearby, further increasing demand and occupancy potential. The Atlantic Holiday Motel has a strong history of rentals and consistent performance. This is an opportunity for investors seeking a proven asset in a high-demand coastal market. Don't miss this exceptional chance to own a beachside income property--schedule your private showing today.