Bought with ListWithFreedom.com Inc
$247,500
$245,000
1.0%For more information regarding the value of a property, please contact us for a free consultation.
505 28th Ave. S North Myrtle Beach, SC 29582
1,100 SqFt
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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