510 Ocean Blvd Surfside Beach, SC 29575

Exceptional investment opportunity awaits with this meticulously maintained three-unit triplex located in desirable Surfside Beach, South Carolina. Boasting 5,363 square feet of net rentable space, this property offers three distinct units, each featuring full kitchens, living areas, and laundry facilities. The first and second floors each comprise four bedrooms and two bathrooms, while the third floor provides a two-bedroom, two-bathroom unit. All units are fully furnished, maximizing rental potential. The property's strategic location on a double corner lot at Ocean Boulevard and 5th Avenue provides both ocean proximity and privacy, enhanced by a private pool situated behind the building. Enjoy stunning ocean views from most areas. Covered parking adds convenience and protection. Built in 1982 and extensively renovated in 2022, this property presents a stabilized investment with a current NOI of $185,000 and a pro-forma NOI of $235,000, translating to a 9.25% cap rate and a pro-forma cap rate of 11.75%. The asking price is $1,999,900, representing a price per unit of $666,633.33 and a price per square foot of $372.91. The 0.2-acre lot is zoned RES. The property is currently occupied, with an occupancy date of July 17, 2024. This turnkey investment offers significant upside potential and immediate cash flow. Don't miss this chance to acquire a highly sought-after coastal property.