North Myrtle Beach, SC 29582,505 28th Ave. S
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North Myrtle Beach, SC 29582,505 28th Ave. S
North Myrtle Beach, SC 29582,505 28th Ave. S
North Myrtle Beach, SC 29582,505 28th Ave. S
North Myrtle Beach, SC 29582,505 28th Ave. S
Listed by Ralph M Harvey • ListWithFreedom.com Inc • ralph@listwithfreedom.com
Bought with ListWithFreedom.com Inc

$247,500

Est. payment /mo

$245,000

1.0%
Est.Price: ?

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505 28th Ave. S North Myrtle Beach, SC 29582

1,100 SqFt

SOLD DATE : 05/18/2021

Key Details

Sold Price $247,500

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

Square Footage 1,100 sqft

Price per Sqft $225

Subdivision Crescent Beach

MLS Listing ID 2101698

Sold Date 05/18/21

HOA Y/N No

Year Built 1963

Property Sub-Type Duplex

Source CCAR

Property 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.

Location

State SC

County Horry

Community Crescent Beach

Area 11C North Myrtle Beach Area--Crescent Beach

Zoning R-2

Interior

Heating Central

Cooling Central Air

Fireplace No

Exterior

Utilities Available Electricity Available, Sewer Available, Water Available

Building

Foundation Slab

Water Public

Schools

Elementary Schools Ocean Drive Elementary

Middle Schools North Myrtle Beach Middle School

High Schools North Myrtle Beach High School

Others

Senior Community No

Tax ID 35716040073

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Financing Cash

Special Listing Condition None

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Coastal Carolinas Multiple Listing Service, Inc (CCMLS)
agent

Jay Herring

Broker

+1(843) 492-6505

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