Philip Misciagno - Coldwell Banker Sea Coast Advantage Realty
411 Cambridge Circle
Murrells Inlet, SC 29576

Description

This is a rare opportunity to own a 100% occupied true long term money maker. This 8 unit building in Murrells Inlet contains four 1BR/1BA and four 2BR/2BA units and operates at a true 9.5% CAP rate. Entire building went through a complete rehabilitation of both exterior and interior in early 2016 to include: new roofing, Smartside siding, decking, railing, paint, lighting, parking lot, interior paint, new toilets, sinks, kitchen and bath fixtures, countertops, and vanities. Second floor units have all new vinyl plank flooring and all upper level bathroom flooring was replaced with ceramic tile on moisture proof Duroc. All 8 HVAC systems replaced since 2015 and all electrical switches and outlets replaced. Owner is SCREA.

Details

MLS#1820051
Sub-TypeResale
StatusActive
Year0
Days On Site74

Features

Units8
Building(s)1

Market Activity 29576

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Area Information

StateSC
CountyHorry
CityMurrells Inlet
Zip Code29576
Area27B Murrells Inlet - Horry Count
Listing VS Median (in 29576)
Price:
$519,000
low | high
Med:
$257,900
100% of Average
On Site:
74
low | high
Med:
1109
6.672678088368% of Average
Listing Updated: 12/16/2018
MLS Number: 1820051
Listing Provided By:
Calvin Borisuk  of  Heritage Real Estate Sales LLC