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For sale 3 days ago

$245,000

1 bd 1 ba 540 sqft

3000 N Ocean Blvd, Myrtle Beach, SC 29577

Residential Condo

Current Rent **

$10,000+

Projected Rent **

$10,000+

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Updated Oceanfront Condo at The Caribbean Resort, Myrtle Beach

Welcome to your DIRECT OCEANFRONT oasis at The Caribbean Resort! This stunning 1 bedroom, 1 bath condo offers the perfect blend of comfort, convenience, and breathtaking views of the Atlantic Ocean.

Turnkey and FULLY FURNISHED! Ready for you to enjoy with your family or add to your investment portfolio... or both! The unit features newer heating/air units, fresh paint, and several brand new furniture pieces. Tastefully decorated throughout, with beautiful plank flooring and solid surface countertops. You'll appreciate the plush KING size bed and spacious, clean bathroom with adjustable shower head. And the Murphy bed and sleeper sofa offer the ability to accommodate more guests, with multiple sleeping arrangements.

Step outside onto your private oceanfront balcony, where you can start your day with a cup of coffee as you watch the sunrise over the horizon, or unwind in the evening with a glass of wine and the soothing sound of crashing waves. Plus the kitchen is well equipped with everything you or your guests may need to ensure a feeling of home.

The Caribbean Resort boasts an array of excellent amenities, including 14 pools, a lazy river, indoor and outdoor hot tubs, fitness center, and an on-site gift shop. Ample parking is available, and there are several elevators to alleviate congestion. You'll enjoy the convenience of Starbucks and Ben & Jerry's directly across the street, and the award-winning Sea Captain's House restaurant is adjacent to the property and now offering an outdoor bar. Whether you're seeking a vacation home at the beach, investment property, or primary residence, this unit should be at the top of your list!

Located near a variety of attractions including Broadway at the Beach, TopGolf, and the Myrtle Beach Sky Wheel, and walkable to several restaurants and shops, this condo presents an unparalleled opportunity to experience coastal living at its finest. The HOA fee covers all of your utilities and insurance, making The Caribbean Resort an economical choice as well. Call your agent today for a showing or contact the listing agent with any questions. Don't miss out on this one!

*** Excellent income history. 2023 P&L is available. Owners self-manage and rent through AirBNB/VRBO. This is currently the only unit in the building under $250k that has been updated. New in 2024: King bed, sofa bed, coffee table, rug and decor, and all new paint. Both PTAC units are less than a year old.

Location:

3000 N Ocean Blvd, 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.