Investment Opportunity with Immediate Cash Flow and Future Growth Potential 2201 John Henry Lane is a rare gem in Myrtle Beach, offering a turnkey investment with six fully rented units and a solid rental history. With tenants spanning up to 7 years, the property boasts stability and reliable income Recent upgrades, including a 1-year-old roof (30-year lifespan) and new HVAC units replaced in the last two years, ensure low maintenance costs for years to come. The property also has tremendous upside potential. By updating the units, annual rental income could increase to, maximizing your return on investment. Located in a prime area near Myrtle Beach, this property is perfect for investors seeking immediate returns and long-term growth. With self-insurance in place, reasonable taxes, and a competitive insurance quote, operating expenses remain manageable. Additionally, the parcel is currently being surveyed, with a second building being divided into a separate parcel, creating additional opportunities for future development or sale. Whether you’re a seasoned investor or looking to expand your portfolio, this property offers exceptional value and potential. Don’t miss out on this incredible opportunity! Contact us today for more details or to schedule a showing!
MLS# | 2412646 |
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Listing Type | For Sale |
Style | Town House |
Sub-Type | Resale |
Status | Active |
Year | 2000 |
Days On Site | 261 |
Listing Provided By | Palmetto Properties SC | Jennifer Jagodzinski |
SQ Feet | 5,250 |
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Units | 6 |
Zoning | CFA |
State | SC |
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County | Horry |
City | Myrtle Beach |
Zip Code | 29579 |
Area | 24A Myrtle Beach Area south of 501 between West Ferry & Burcale |
Community Name | Waccamaw Trace |
School District | Carolina Forest High School |
Elementary School | River Oaks Elementary |
Middle School | Ten Oaks Middle School |
High School | Carolina Forest High School |
Listing VS Median (in Waccamaw Trace) | |
Price: $1,525,000 low | high Med: $1,375,000 SqFt: 5,250 low | high Med: 3,775 $ / SqFt: $290 low | high Med: $412 On Site: 261 low | high Med: 131.500000 |