New Multi-Family Complex for Sale in Myrtle Beach

News Summary

A former hotel located at 403 6th Ave South in Myrtle Beach is now on the market for $1.9 million. The property features 20 units and has recent upgrades, appealing to investors looking to capitalize on the area’s growing rental market. Its proximity to Family Kingdom Amusement Park enhances its attractiveness as a family-oriented investment opportunity.

Hello Myrtle Beach: A New Opportunity Awaits!

Exciting news for anyone looking to invest in Myrtle Beach! A former hotel, located at 403 6th Ave South, just hit the market with a price tag of $1.9 million. This property isn’t just any building; it’s nestled near the lively Family Kingdom Amusement Park, making it an attractive option for families and tourists alike.

About the Property

Constructed way back in 1960, this building has seen quite the transformation. Now recognized as a multi-family complex, it boasts 20 well-equipped units, each holding the potential for inviting beach-goers and residents seeking a home close to the sun and surf. The property is popularly known as ‘Atlantic Holiday’ on Google Maps, adding a charming touch for anyone familiar with the area.

Recent Changes and Upgrades

While the building still carries the charm of its golden years, some rooms have undergone minor renovations. These updates aim to create a more comfortable and appealing environment for future occupants. The mix of nostalgia and modern convenience makes this property a unique find in a thriving seaside community.

A Glimpse into Its History

This isn’t the first time the property has caught the eye of potential buyers. According to Horry County Land Records, it sold for around $1.2 million in late June 2021—showing that interest for this coastal gem has been ongoing. It has made several appearances in the market over the past few years, proving its enduring appeal in the competitive Myrtle Beach real estate scene.

Hot Off the Press!

Just recently, a letter of intent was signed for the property this week, indicating that interest continues to simmer. This could be a stepping stone towards a new chapter for what was once a flourishing hotel. For investors, this could present the perfect opportunity to dive into a potential gold mine in the hospitality and rental market.

What’s Next?

The property was officially listed on Zillow as of January 9, 2025, making it widely accessible for those eager to explore the possibilities within this coastal treasure. With its strategic location and existing infrastructure, the former hotel could be transformed further into a lucrative rental opportunity or even a revitalized family-oriented resort.

Why Myrtle Beach?

Now, why would anyone want to invest in Myrtle Beach? Well, it’s a popular vacation spot for families, couples, and adventure seekers. The area is filled with pristine beaches, world-class golf courses, vibrant nightlife, and loads of outdoor activities, making it the perfect backdrop for any real estate investment. The demand for housing in this region often fluctuates, but it consistently manages to attract a crowd. So, hopping on an opportunity like this could mean diving into a rewarding venture.

Final Thoughts

With the real estate market ever-changing, the former hotel at 403 6th Ave South stands as a beacon of potential. Whether you’re an investor on the hunt for your next big breakthrough or simply dreaming of running your own vacation rental, this listing is definitely worth your attention. Interested parties are advised to act swiftly; in a place like Myrtle Beach, opportunities are known to vanish as quickly as a summer breeze. Keep your eyes open and stay tuned—this could be your next big page in the book of beachside dreams!

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Additional Resources

• Myrtle Beach Online: Former Hotel for Sale
• Wikipedia: Myrtle Beach
• MSN: Myrtle Beach Hotel for Sale
• Google Search: Myrtle Beach history
• Myrtle Beach Online: Business News
• Encyclopedia Britannica: Myrtle Beach
• WPDE: Yachtsman Hotel Deal
• Google News: Myrtle Beach real estate