Description
Incredible opportunity to purchase a income producing duplex in the Forestbrook area of Myrtle Beach. Duplex is a mirror image with each unit containing 3 bedrooms and 2 full bathrooms. It sits on a large .39 acre corner lot. Each side has a separate laundry/storage room. Side B has a washer and dryer installed for future tenant or owner. Located just west of the Intracoastal Waterway, the property is only 1 mile from Highway 501 and access to Highway 31. This is an excellent location with easy access to the Grand Strand. Property is located in the highly acclaimed Forestbrook School District and another bonus is that there is no HOA, so no additional fees. Side A has an annual lease that was renewed in September 2019. The new owners must honor tenant lease for the next year. The tenant would like to stay under the current lease terms, and the potential of selling the property in 2020 is outlined in the lease. They are good tenants. The other side is currently vacant in case new owner wants to live in one unit and have the other unit pay most of the monthly mortgage. Investors will love the fact that there will be immediate cash flow if you rent both sides. Both units have been updated with new flooring and painted from top to bottom in the last 18 months. Side A has a new water heater and refrigerator installed just over a year ago. Duplex is being sold AS IS no cosmetic repairs. All systems are and will be in in good working condition and roof is in very good condition and leak free. Owner is a South Carolina Realtor. Closing date must be after January 1, 2020.
Details
| MLS# | 1923115 |
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| Sub-Type | Resale |
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| Status | Pending - Show |
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| Year | 0 |
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| Days On Site | 48 |
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Features
| Date | Sales | Avg $ Per SqFt | Min Sale Price | Max Sale Price | Med Sale Price |
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| Date: Nov 2019 | Sales: 10 | Avg $ Per SqFt: $ | Min Sale Price: $66,000 | Max Sale Price: $405,790 | Med Sale Price: $277,300 |
| Date: Oct 2019 | Sales: 38 | Avg $ Per SqFt: $ | Min Sale Price: $36,250 | Max Sale Price: $605,000 | Med Sale Price: $187,000 |
| Date: Sep 2019 | Sales: 74 | Avg $ Per SqFt: $ | Min Sale Price: $37,000 | Max Sale Price: $625,000 | Med Sale Price: $197,000 |
| Date: Aug 2019 | Sales: 101 | Avg $ Per SqFt: $ | Min Sale Price: $500 | Max Sale Price: $1,100,000 | Med Sale Price: $167,800 |
| Date: Jul 2019 | Sales: 151 | Avg $ Per SqFt: $ | Min Sale Price: $32,500 | Max Sale Price: $932,000 | Med Sale Price: $199,900 |
| Date: Jun 2019 | Sales: 122 | Avg $ Per SqFt: $ | Min Sale Price: $28,000 | Max Sale Price: $702,000 | Med Sale Price: $212,662 |
| Date: May 2019 | Sales: 147 | Avg $ Per SqFt: $32.5 | Min Sale Price: $30,000 | Max Sale Price: $650,000 | Med Sale Price: $215,000 |
| Date: Apr 2019 | Sales: 116 | Avg $ Per SqFt: $ | Min Sale Price: $37,000 | Max Sale Price: $850,000 | Med Sale Price: $230,000 |
| Date: Mar 2019 | Sales: 85 | Avg $ Per SqFt: $ | Min Sale Price: $37,500 | Max Sale Price: $940,000 | Med Sale Price: $240,000 |
| Date: Feb 2019 | Sales: 56 | Avg $ Per SqFt: $ | Min Sale Price: $34,000 | Max Sale Price: $1,075,000 | Med Sale Price: $242,000 |
| Date: Jan 2019 | Sales: 50 | Avg $ Per SqFt: $ | Min Sale Price: $42,500 | Max Sale Price: $525,000 | Med Sale Price: $223,500 |
| Date: Dec 2018 | Sales: 23 | Avg $ Per SqFt: $ | Min Sale Price: $36,500 | Max Sale Price: $520,723 | Med Sale Price: $246,545 |
| Nov 2019 |
|---|
| Sales: | 10 |
| Avg $ Per SqFt: | $ |
| Min Sale Price: | $66,000 |
| Max Sale Price: | $405,790 |
| Med Sale Price: | $277,300 |
| Oct 2019 |
|---|
| Sales: | 38 |
| Avg $ Per SqFt: | $ |
| Min Sale Price: | $36,250 |
| Max Sale Price: | $605,000 |
| Med Sale Price: | $187,000 |
| Sep 2019 |
|---|
| Sales: | 74 |
| Avg $ Per SqFt: | $ |
| Min Sale Price: | $37,000 |
| Max Sale Price: | $625,000 |
| Med Sale Price: | $197,000 |
| Aug 2019 |
|---|
| Sales: | 101 |
| Avg $ Per SqFt: | $ |
| Min Sale Price: | $500 |
| Max Sale Price: | $1,100,000 |
| Med Sale Price: | $167,800 |
| Jul 2019 |
|---|
| Sales: | 151 |
| Avg $ Per SqFt: | $ |
| Min Sale Price: | $32,500 |
| Max Sale Price: | $932,000 |
| Med Sale Price: | $199,900 |
| Jun 2019 |
|---|
| Sales: | 122 |
| Avg $ Per SqFt: | $ |
| Min Sale Price: | $28,000 |
| Max Sale Price: | $702,000 |
| Med Sale Price: | $212,662 |
| May 2019 |
|---|
| Sales: | 147 |
| Avg $ Per SqFt: | $32.5 |
| Min Sale Price: | $30,000 |
| Max Sale Price: | $650,000 |
| Med Sale Price: | $215,000 |
| Apr 2019 |
|---|
| Sales: | 116 |
| Avg $ Per SqFt: | $ |
| Min Sale Price: | $37,000 |
| Max Sale Price: | $850,000 |
| Med Sale Price: | $230,000 |
| Mar 2019 |
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| Sales: | 85 |
| Avg $ Per SqFt: | $ |
| Min Sale Price: | $37,500 |
| Max Sale Price: | $940,000 |
| Med Sale Price: | $240,000 |
| Feb 2019 |
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| Sales: | 56 |
| Avg $ Per SqFt: | $ |
| Min Sale Price: | $34,000 |
| Max Sale Price: | $1,075,000 |
| Med Sale Price: | $242,000 |
| Jan 2019 |
|---|
| Sales: | 50 |
| Avg $ Per SqFt: | $ |
| Min Sale Price: | $42,500 |
| Max Sale Price: | $525,000 |
| Med Sale Price: | $223,500 |
| Dec 2018 |
|---|
| Sales: | 23 |
| Avg $ Per SqFt: | $ |
| Min Sale Price: | $36,500 |
| Max Sale Price: | $520,723 |
| Med Sale Price: | $246,545 |
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MLS Number: 1923115