$1,495,000/mo

505 28th Ave. N, Myrtle Beach, SC 29577

6,226 sqft

Rental
Built in 1966
—— sqft lot
—— car garage
$240/sqft
Listed 5 months ago

Property Description

Rare 19-Unit updated Investment Opportunity in the Heart of Myrtle Beach! Don’t miss your chance to own this rental powerhouse just steps from the beach and minutes from vibrant downtown Myrtle Beach.The property has had many updates including new flooring, kitchens, bathrooms, painting, fixtures and more! Situated on a generous 0.51-acre lot, this 19-unit property offers spacious studio apartments and is perfectly positioned for both short-term and long-term rental strategies. With strong management already in place, this property is performing exceptionally well — and still offers room to grow income even further. Whether you’re looking to expand your portfolio or break into one of the Southeast’s fastest-growing coastal markets, this is a rare opportunity that checks all the boxes. Located close to Myrtle Beach International Airport, world-class golf courses, popular restaurants, and of course, the ocean, this property offers unmatched convenience for vacationers, snowbirds, and long-term tenants alike. Key Highlights: 19 spacious studio units Prime 0.51-acre lot just steps from the beach Excellent current rental performance Flexible investment: long-term or short-term rentals Close to airport, golf, dining, and downtown Myrtle Beach Rare high-density opportunity on a large parcel The Myrtle Beach market continues to thrive, and properties like this don’t come along often. Schedule your private showing today and secure your place in one of the most dynamic beachside markets on the East Coast!

Listing Status:: Active
Date Added:: May 22, 2025 at 05:00AM
Listing Office:: Century 21 Palms Realty : 843-310-6855
MLS ID:: 2512840

A/C: Central Air
Heating: CentralElectric

Parking: Other

General: Slab

HOA Amenities: 0.0Monthly
Originating MLS: CCAR_CCAR
County: Horry

Zoning: HC-242411010019

Utilities: Cable AvailableElectricity AvailablePhone AvailableSewer AvailableUnderground UtilitiesWater Available
Water: Public

Source: CCAR_CCAR

This listing courtesy of Century 21 Palms Realty

Location

Schools Nearby

Myrtle Beach Elementary School

690 33rd Ave N, Myrtle Beach, SC, 29577

Grades 3-5

0.73 miles away

Myrtle Beach Middle School

3101 N Oak St, Myrtle Beach, SC, 29577

Grades 6-8

0.31 miles away

Myrtle Beach High School

3302 Robert M Grissom Pkwy, Myrtle Beach, SC, 29577

Grades 9-12

0.74 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.