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Sold about 1 year ago

$265,000

3 bd 3 ba 1850 sqft

4088 Fairway Lakes Dr, Myrtle Beach, SC 29577

Residential Townhouse

Current Rent **

N/A

Projected Rent **

$2,500

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

MB LTR Opportunity

Step into this stunningly renovated and Furnished end unit with three bedrooms and three full bathrooms. EVERYTHING except the exterior was updated. New waterproof LVP on the first floor and fresh carpet upstairs. The kitchen has updated cabinets, granite countertops, and all-new stainless steel appliances. Each bathroom has new flooring tiles, vanities, and fixtures, completing the sleek look of the unit.

The high-end impact-resistant sliding doors lead to two balconies where you can open them to enjoy the serene nature around the pond or close them to have a nearly soundproof private retreat. One of the upstairs rooms includes an additional area that can be used as extra sleeping quarters, a cozy reading nook, or an office space.
This end unit is conveniently located near the community pool and tennis courts. You'll also love the fantastic location, close to shopping, dining, entertainment, and the beach. Broadway at the Beach is less than two miles. The Fairway Lakes community is always well-maintained, private, and peaceful, making it a highly sought-after location in the heart of the Grand Strand.

This unit was renting for $1800/m unfurnished prior to the renovations. Now it will easily rent for $2500+ per month.

Location:

4088 Fairway Lakes Dr, Myrtle Beach, SC 29577

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.