406 5th Ave. N, Myrtle Beach, SC 29577

Property Description

Located in the heart of Downtown Myrtle Beach, 406 5th Ave N is a rare coastal multifamily investment comprised of six condominium regime units with individual tax IDs and meters, offering substantial income and growth potential just blocks from the Atlantic Ocean. Structured with two-story 2-bed/1.5-bath footprints, these units feature desirable layouts with private courtyards, granite countertops, laminate flooring, and washer/dryer hookups. Positioned east of Hwy 17 in a highly walkable 29577 neighborhood, this asset benefits from strong demand for rental housing, easy access to the beach, boardwalk, eateries, and retail, and consistent rental appeal with unit rents typically in the higher tier of the market. Previously sold as both individual condos and as a portfolio parcel, 406 5th Ave N presents investors with stable cash flow today and meaningful upside through updated renovations, interior modernization, and operational re-positioning that can boost rents and enhance overall valuation. With its combination of size, configuration, and proximity to coastal attractions, this property offers a compelling opportunity for a long-term multifamily hold, condo regime rental strategy, or seasonal rental conversion. Check it out TODAY!