510, 508 S Ocean Blvd.
Property Description
A rare coastal acquisition of this caliber, this one-of-a-kind boutique hospitality property has been impeccably reimagined to deliver a fully curated, design-forward investment experience in the heart of North Myrtle Beach, minutes from Main Street and the ocean. Encompassing 18 total units across two separate side-by-side properties offered together as a single acquisition, the offering includes 510 S. Ocean Blvd with 15 beautifully appointed units comprised of 13 refined efficiency suites and 2 spacious two-bedroom residences, along with 508 S. Ocean Blvd, a triplex featuring a front stacked duplex with two three-bedroom two-bath residences and a private detached one-bedroom bungalow-style retreat to the rear. Neither property has an HOA, eliminating association fees and restrictions to manage. The property has been thoughtfully elevated with sophisticated new fit and finishes across both buildings, with renovations completed within the last few years, including tiled showers, custom LED mirrors, designer lighting, curated coastal interiors, and striking artistic accents that create an elevated, resort-inspired ambiance throughout. Guests enjoy a stylish game lounge, a convenient on-site laundry center, with select units also featuring in-unit laundry, and inviting courtyard-style gathering spaces, all just moments from the ocean. With its polished aesthetic, exceptional walkability to the beach, proximity to Main Street dining, shopping, and entertainment, and strong visual identity, this turnkey, income-producing asset offers a compelling opportunity for discerning investors seeking a high-performing, boutique hospitality experience.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $2,899,000 |
| No. of Units: | 18 |
| Year Built: | 1969 |
| Lot Size: | 8,034.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $161,056 |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-CCARSC-2602951
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
2131 Santa Anita Drive
Lexington, Kentucky
Brokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout