Located in the heart of Downtown Myrtle Beach, a designated opportunity zone, 1000 Spivey Ave offers a unique opportunity for investors seeking a value-add multifamily property in the sought-after 29577 zip code. This property consists of three duplex buildings each holding two 2 Bedroom 1 Bath units. Being just minutes from the beach, restaurants, shopping, and entertainment, making it appealing to both long-term tenants and seasonal renters. Each unit features a functional two-bedroom layout, and the property sits on a sizable lot with ample parking. Current rents are below market, presenting the potential to increase income through interior upgrades, modern finishes, and enhanced operational efficiency. With targeted renovations, investors can unlock greater cash flow, and elevate property performance. Take advantage of the opportunity zone tax incentives as well! Check this one out today!
| MLS # | 2600195 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1950 |
| Days On Site | 231 |
| Listing Provided By | Keller Williams The Forturro Group | Jeff Forman |
| SQ Feet | 2,976 |
|---|---|
| Units | 6 |
| Zoning | RMM |
| Cooling Yes / No | Yes |
|---|---|
| Cooling | Wall Window Units |
| Heating Yes / No | Yes |
| Heating | Electric |
| Security Features | Heat Detector, Smoke Detectors |
|---|---|
| Construction Materials | Block |
| Foundation Details | Slab |
| Lot Features | City Lot, Rectangular, Rectangular Lot |
| Parking Features | Other |
|---|
| Utilities | Cable Available, Electricity Available, Phone Available, Sewer Available, Water Available |
|---|
| Community Features | Long Term Rental Allowed |
|---|
| State | SC |
|---|---|
| County | Horry |
| City | Myrtle Beach |
| Zip Code | 29577 |
| Area | 16F Myrtle Beach Area 10th Ave N to 29th Ave N |
| Community Name | Not within a Subdivision |
| Listing VS Median (in Not within a Subdivision) | |
Price: $525,000 low | high Med: $359,900 sqft: 2,976 low | high Med: 1,866 $ / sqft: $176 low | high Med: $193 On site: 231 low | high Med: 98 | |
| State | SC |
|---|---|
| County | Horry |
| City | Myrtle Beach |
| Zip Code | 29577 |
| Area | 16F Myrtle Beach Area 10th Ave N to 29th Ave N |
| Community Name | Not within a Subdivision |
| Listing VS Median (in Not within a Subdivision) | |
Price: $525,000 low | high Med: $359,900 sqft: 2,976 low | high Med: 1,866 $ / sqft: $176 low | high Med: $193 On site: 231 low | high Med: 98 | |