412 S Seaside Dr - 2nd Row Beach Duplex in Surfside Beach SC
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412 S Seaside Dr - 2nd Row Beach Duplex in Surfside Beach SC
2 Unit Apartment Building Offered at $2,552,723 CAD at a 8.91% Cap Rate in Surfside Beach, SC 29575
Investment Highlights
- 2nd Row Beach Duplex in the sought after Surfside Beach
- Rental Machine!
- Recently renovated units
- Close Proximity to the Surfside Pier
- Direct beach access
Executive Summary
Discover an unparalleled investment opportunity with this remarkable multi-unit property in Surfside Beach, offering stunning ocean views from multiple perspectives. Each unit features four spacious bedrooms and two well-appointed bathrooms, ensuring ample accommodation for guests or tenants. Wake up to the mesmerizing sunrise and the soothing sound of waves, creating a serene atmosphere.
Enjoy expansive ocean views from most bedrooms, kitchens, living rooms, and large front porches—an enticing feature for potential tenants or vacation renters. The property boasts modern amenities including solid flooring, granite countertops, and smooth ceilings throughout both units, guaranteeing a stylish and low-maintenance living environment.
This flexible duplex configuration allows for use as a single property or separate units with independent kitchens and entrances, maximizing rental potential. With the capacity to comfortably sleep 28 people and no HOA fees, this property promises excellent returns on investment. Its strong rental history underscores its appeal as a lucrative income-generating asset.
Don't miss out on this exceptional opportunity. Contact us today to arrange a viewing and secure your position in the thriving Surfside Beach real estate market. Ask about the rental numbers!
Enjoy expansive ocean views from most bedrooms, kitchens, living rooms, and large front porches—an enticing feature for potential tenants or vacation renters. The property boasts modern amenities including solid flooring, granite countertops, and smooth ceilings throughout both units, guaranteeing a stylish and low-maintenance living environment.
This flexible duplex configuration allows for use as a single property or separate units with independent kitchens and entrances, maximizing rental potential. With the capacity to comfortably sleep 28 people and no HOA fees, this property promises excellent returns on investment. Its strong rental history underscores its appeal as a lucrative income-generating asset.
Don't miss out on this exceptional opportunity. Contact us today to arrange a viewing and secure your position in the thriving Surfside Beach real estate market. Ask about the rental numbers!
Financial Summary (Actual - 2023) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,552,723 CAD | Lot Size | 0.14 AC |
| Price Per Unit | $1,276,362 CAD | Building Size | 3,696 SF |
| Sale Type | Investment | No. Stories | 3 |
| Cap Rate | 8.91% | Year Built/Renovated | 1994/2022 |
| No. Units | 2 | Parking Ratio | 3.25/1,000 SF |
| Property Type | Multifamily |
| Price | $2,552,723 CAD |
| Price Per Unit | $1,276,362 CAD |
| Sale Type | Investment |
| Cap Rate | 8.91% |
| No. Units | 2 |
| Property Type | Multifamily |
| Lot Size | 0.14 AC |
| Building Size | 3,696 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1994/2022 |
| Parking Ratio | 3.25/1,000 SF |
Site Amenities
- Furnished Units Available
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+2 | 2 | - | 1,600 - 1,900 |
1 of 1
zoning
| Zoning Code | RES (Allows for short or long term rentals. Nightly Rentals allowed.) |
| RES (Allows for short or long term rentals. Nightly Rentals allowed.) |
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412 S Seaside Dr - 2nd Row Beach Duplex in Surfside Beach SC
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