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700 Mitchell Drive

Myrtle Beach SC 29577

10000 sq. ft.
Apartment
Currently for sale - view listing

Overview

LOCATION, LOCATION, LOCATION! This unique compound features four buildings situated in the highest-density zoning available—MUH—spanning 0.66 acres. The property includes 21 total units, made up of 16 efficiencies and 5 two-bedroom apartments, offering excellent flexibility for both short-term and long-term rental opportunities and is offered at a 9.7% cap rate. Perfectly positioned between Ocean Blvd and Highway 17 Business, it's just a short stroll to the beach, restaurants, and shopping. Whether you're looking for immediate rental income or future redevelopment potential, this location checks every box.

Features

10000 sq. ft. floor area
Apartment

Happy sellers in Myrtle Beach

80%
80% of sellers in Myrtle Beach reported that their sale price either exceeded or met their price expectations.

Myrtle Beach stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 27 reviews in Myrtle Beach over the last 12 months.

Local market activity for apartments in Myrtle Beach

In the last 12 months, 14 apartments similar to 700 Mitchell Drive, have been sold.

This represents a 366% decrease in apartments sales when compared to the previous 12 months.

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(619) 566-0008
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