About This Home
Ten newly built, fully licensed short-term rental apartments define this multi-family property at 404 2nd Ave. N in Myrtle Beach’s Hotel Section. Built in 2022, the property includes ten four-bedroom apartments, each fully furnished and ready for immediate operation.
The apartments are located just steps from the beach, offering a clear connection to Myrtle Beach’s coastal lodging market. The property contains approximately 11,000 square feet and is offered at $3,900,000, with a stated cap rate of 10.8%. This offering provides a single property with multiple furnished rental units rather than a traditional single-family layout.
The city has an average home size of 1,563 square feet, while this property’s total size is approximately 11,000 square feet. The listing is presented as a multi-family investment opportunity in Myrtle Beach, South Carolina, with licensing, furnishings, construction date, unit count, and proximity to the beach already in place.
Key Features
- Built in 2022
Property Details
Amenities
Offered at a cap rate of 10.8% ,A rare opportunity to acquire ten newly built, fully licensed short-term rental 4-bedroom apartments just steps from the beach. Each unit comes fully furnished and ready for immediate operation.
Monthly Cost Estimate
$20,591/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
404 2nd Ave. N
Myrtle Beach, SC 29577
Hotel Section
Questions & Answers
This 0-bedroom, 0-bathroom multi-family at 404 2nd Ave. N is listed at $3,850,000 ($350/sqft). The estimated monthly payment is $20,591 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 2022.
This property is listed by Ester Esti Simantov and can be reached at 8434579780.
