Vacation Rental Duplex

[Michael Thompson]

Investment Info:

Small multi-family (2-4 units) buy & hold investment in N Myrtle Bch.

Purchase price: $410,000

This 2nd row 2 story duplex style home located just 100 steps from Beach and beautiful knotty pine walls, ceilings, and kitchen cabinets. Hardwood floors have been refinished and a new roof in 2017. It is situated on a large double lot where you can swing under gorgeous old live oak trees or just enjoy this bird watcher's paradise among many flowering trees and shrubs. Each level has 2 bedrooms and 1 bath with new Stainless appliances.

How did you add value to the deal?

Need to paint interior, new kitchen tile for floor and backsplash. Also will update the bathrooms and the entire property to a “beachy” theme to attract vacationers.

What was the outcome?

We will see!