$1,525,000
 $7,955 est/mo Sourced by Back At You

2201 John Henry Ln. , Myrtle Beach, SC 29579

Myrtle Beach, SC 29579

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Description

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!

Details

MLS#2412646
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive
Year2000
Days On Site261
Listing Provided ByPalmetto Properties SC | Jennifer Jagodzinski

Features

SQ Feet5,250
Units6
ZoningCFA

Market Activity 29579

Provided courtesy of the Coastal Carolinas MLS. Copyright 2025 of the Coastal Carolinas MLS. All rights reserved. Information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Coastal Carolinas MLS.

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Listings Checked: 4 minutes ago
StateSC
CountyHorry
CityMyrtle Beach
Zip Code29579
Area24A Myrtle Beach Area south of 501 between West Ferry & Burcale
Community NameWaccamaw Trace
School DistrictCarolina Forest High School
Elementary SchoolRiver Oaks Elementary
Middle SchoolTen Oaks Middle School
High SchoolCarolina Forest High School
Listing VS Median (in Waccamaw Trace)
Price:
$1,525,000
low | high
Med:
$1,375,000
59.83606557377% of Average
SqFt:
5,250
low | high
Med:
3,775
78.095238095238% of Average
$ / SqFt:
$290
low | high
Med:
$412
8.321454027085% of Average
On Site:
261
low | high
Med:
131.500000
100% of Average
Sourced by Back At You
Listing Updated: January 22, 2025 at 5:13:51 PM PST