Interior
- Units
- 21
Price reduced No HOA
700 Mitchell Dr.
Myrtle Beach, SC 29577
In person or by video.
- Home type
- Apartment
- Beds
- Not reported
- Baths
- Not reported
- Sq ft
- 9,208
- Year built
- 1960
- Garage
- Not reported
- HOA
- $0
Estimated monthly payment
Adjust the down payment, interest rate, and loan term.
- Down payment
- 20% · $380,000
Estimate your payment
Estimated total monthly
$10,953/mo
$9,607 principal & interest · $1,346 taxes & insurance
20% · $380,000
Loan amount $1,520,000. Estimate only — taxes, insurance, and HOA are approximate. Not a lending quote.
About this home
This 21-unit apartment in Myrtle Beach, SC is listed at $1,900,000. It has 9,208 square feet of living area, and the MLS records a 1960 build year.
Myrtle Beach area
This address is in the Myrtle Beach area, Horry County, which Forturro covers with its own area guide.
The community
The MLS records short-term rentals and long-term rentals as allowed — confirm the current covenants before you rely on that.
Forturro summary of published Coastal Carolinas MLS fields, assembled automatically. MLS record updated . The listing brokerage's own description follows below.
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.
Key highlights
- 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.
More property details
Exterior & construction
- Zoning
- APARTMENTS
HOA & community
Amenities Available
- Short Term Rental Allowed
- Long Term Rental Allowed
Schools
- Elementary
- Myrtle Beach Elementary School
- Middle
- Myrtle Beach Middle School
- High
- Myrtle Beach High School
Price history
- Current asking price
- $1,900,000
- Original list price
- $2,500,000
- Listed
- Apr 15, 2025
- Last price change
- Sep 8, 2026
Listed with Own Myrtle Real Estate. MLS #2509474. Data source: Coastal Carolinas MLS. Information is deemed reliable but not guaranteed.