Pending

Listed by Jeffrey Forman

Source: Coastal Carolina Association of REALTORS #2603493

604 37th Ave N, Myrtle Beach, SC, 29577

$835,000

6648 sq. ft.

Apartment

•

30+ days on the market

What's around 604 37th Ave N

About this property

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 area’s 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!

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