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Garden City Beach House Portfolio For Sale

June 11, 2014 9:38 am|Investments, Property Highlight

Very seldom does a real estate offering like this Garden City Beach House Portfolio come around For Sale. This portfolio of five (5) Beach Houses will afford the new owner a better than 6% CAP rate. Situated in Garden City, along South Carolina’s Grand Strand, these properties will make any owner a heavyweight contender in the vacation home rental market.

Garden City Beach is part of the Grand Strand, a 61-mile stretch along the South Carolina Coast from Little River on the North to Pawley’s Island on the South, and is in the Myrtle Beach metro area. The Grand Strand plays host to over 14 million visitors each year. All these visitors need vacation housing and most focus on oceanfront and second row beach properties.

THE PROPERTIES:

999 S. Waccamaw Drive999 S. Waccamaw Drive – “Crown Elite”
MLS#1410996 – Asking Price $1,699,000
8 bedrooms 8 ½ bathrooms
Approximately 5500 Heated (livable) Square Feet
Approximately 8400 Total (under roof) Square Feet
Fully Furnished – Private Pool and Hot Tub

1779 S. Waccamaw Drive1779 S. Waccamaw Drive – “Crown Jewel”
MLS#1410999 – Asking Price $1,699,000
7 bedrooms 7 ½ bathrooms
Approximately 4300 Heated (livable) Square Feet
Approximately 6000 Total (under roof) Square Feet
Fully Furnished – Private Pool and Hot Tub

1018 S. Waccamaw Drive1018 S. Waccamaw Drive – “Crown Royal”
MLS#1411007 – Asking Price $899,000
7 bedrooms 6 ½ bathrooms
Approximately 3400 Heated (livable) Square Feet
Approximately 6000 Total (under roof) Square Feet
Fully Furnished – Private Pool and Hot Tub

1856 S. Waccamaw Drive1856 S. Waccamaw Drive – “Crown Paradise”
MLS#1411002 – Asking Price $929,000
8 bedrooms 8 ½ bathrooms
Approximately 3500 Heated (livable) Square Feet
Approximately 5200 Total (under roof) Square Feet
Fully Furnished – Private Pool

1864 S. Waccamaw Drive1864 S. Waccamaw Drive – “Crown Reef”
MLS#1411004 – Asking Price $929,000
7 bedrooms 7 ½ bathrooms
Approximately 4000 Heated (livable) Square Feet
Approximately 5700 Total (under roof) Square Feet
Fully Furnished – Private Pool

BY THE NUMBERS
Oceanfront Rental Home InvestmentBeach House Portfolio – Click for full breakdown
PDF File

For more information or to schedule an onsite inspection of the properties contact me at 843-222-2672.

Jason T. Ellis

843-284-7149

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