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Welcome to 304 1st Avenue, Myrtle Beach, SC 29577, An Exceptional Investment Opportunity just one block from the Atlantic Ocean in the heart of Myrtle Beach. Situated on a generous 0. 21 acre lot, this unique property features two duplex buildings offering four spacious 2 bedroom units and a total of approximately 3, 390 heated square feet. Renovated in 2022, the front duplex includes two well appointed 2 bedroom units totaling approximately 2, 100 heated square feet. Each unit features a large private balcony, creating an inviting outdoor space perfect for enjoying the coastal breeze. The rear duplex offers two additional 2 bedroom units totaling approximately 1, 290 heated square feet, providing additional rental flexibility and strong income potential. Located in the highly desirable MURenovated in 2022, the front duplex includes two well appointed 2 bedroom units totaling approximately 2, 100 heated square feet. Each unit features a large private balcony, creating an inviting outdoor space perfect for enjoying the coastal breeze. The rear duplex offers two additional 2 bedroom units totaling approximately 1, 290 heated square feet, providing additional rental flexibility and strong income potential. Located in the highly desirable MU H zoning district, the property allows for both short term and long term rentals, making it an ideal opportunity for investors seeking a versatile income producing asset. With no HOA fees, owners benefit from maximum flexibility and minimal overhead. Positioned in the center of Myrtle Beach, this property is just steps from the beach, 2nd Avenue Pier and within walking distance to the area's most popular attractions, restaurants, entertainment, and shopping. Enjoy the convenience of coastal living while taking full advantage of the strong rental demand that Myrtle Beach is known for. A rare opportunity to own a multi unit property in one of Myrtle Beach's most sought after locations.
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Our Executive Mortgage Banker:
$879,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $703,200 | $703,200 | $703,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.368% | 6.385% | 6.223% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,216 | $4,330 | $5,934 |
| Total Monthly Payment | $4,308 | $4,422 | $6,026 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.