(864) 362-2375
$1,900,000
700 Mitchell Dr, Myrtle Beach, SC 29577
9,208SQFT
1960YearYear Built
About This Home
LOCATION, LOCATION, LOCATION! This unique compound features four buildings situated in the highest-density zoning available—MUH—spanning 0.66 acres. The property includes 21 total units, made up of 16 efficiencies and 5 two-bedroom apartments, offering excellent flexibility for both short-term and long-term rental opportunities and is offered at a 9.7% cap rate. Perfectly positioned between Ocean Blvd and Highway 17 Business, it's just a short stroll to the beach, restaurants, and shopping. Whether you're looking for immediate rental income or future redevelopment potential, this location checks every box.
Location
Key Facts
Status: Active
Type: Residential
Neighborhood: Not within a Subdivision
HOA Fees: $0 monthly
MLS: Coastal Carolina
MLS #: 2509474
Features
Apartment
Mortgage Calculator
$9,607Estimated monthly payment
Principal & interest only. Estimate for informational purposes — excludes taxes, insurance, and HOA dues.
History
Current list price: $1,900,000
Status: Active — For Sale
Recent change: Price reduced
Days on market: 535
Last updated: Oct 2, 2026
Schools
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Listing courtesy of Own Myrtle Real Estate
Source MLS #: 2509474
Last updated: Oct 2, 2026
Listing data is provided for consumers' personal, non-commercial use and may not reflect all real-estate activity in the market. Information is deemed reliable but is not guaranteed.