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MLS ID: 2412646
For Sale - $1,525,000

About this property

sq2 5250
Year Built 2000
DOM 343

Address

Address:
2201 John Henry Ln.
Subdivision:
Waccamaw Trace
Zip Code:
29579
County:
Horry
State:
SC

Description

Investment Opportunity with Immediate Cash Flow and Future Growth Potential 2201 John Henry Lane is a rare gem in Myrtle Beach, offering a turnkey investment with six fully rented units and a solid rental history. With tenants spanning up to 7 years, the property boasts stability and reliable income Recent upgrades, including a 1-year-old roof (30-year lifespan) and new HVAC units replaced in the last two years, ensure low maintenance costs for years to come. The property also has tremendous upside potential. By updating the units, annual rental income could increase to, maximizing your return on investment. Located in a prime area near Myrtle Beach, this property is perfect for investors seeking immediate returns and long-term growth. With self-insurance in place, reasonable taxes, and a competitive insurance quote, operating expenses remain manageable. Additionally, the parcel is currently being surveyed, with a second building being divided into a separate parcel, creating additional opportunities for future development or sale. Whether you’re a seasoned investor or looking to expand your portfolio, this property offers exceptional value and potential. Don’t miss out on this incredible opportunity! Contact us today for more details or to schedule a showing!

Schools

Name Address Phone Type Grade
Academy For Arts/Science/Technology 895 International Drive 8439038460 Public 9-12 SPED
Atlantic Collegiate Academy 557 George Bishop Parkway 8432865990 Public 9-12 SPED
Carolina Forest High 700 Gardner Lacy Road 8432367997 Public 9-12 SPED
Name Address Phone Type Grade
Bridgewater Academy Charter 191 River Landing Boulevard 8432363689 Public K-8 SPED
Name Address Phone Type Grade
Carolina Forest Elementary 285 Carolina Forest Boulevard 8432360001 Public PK-5 SPED
Forestbrook Elementary 4000 Panthers Parkway 8432368100 Public PK-5 SPED
River Oaks Elementary 700 Augusta Plantation Drive 8439036300 Public PK-5 SPED
Name Address Phone Type Grade
Ocean Bay Elementary 950 International Drive 8439038400 Public PK-5
Name Address Phone Type Grade
Ocean Bay Middle 905 International Drive 8439038420 Public 6-8 SPED
Ten Oaks Middle 150 Revolutionary War Way 8434888896 Public 6-8 SPED
Name Address Phone Type Grade
Christian Academy of Myrtle Beach 291 Ronald McNair Blvd. 843-236-6222 Private K-12
Name Address Phone Type Grade
Myrtle Beach Adventist Christian Academy 2351 Carolina Forest Blvd. 843-236-1452 Private K-10

Mortgage Calculator

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Interest Rate as of: Fri, May. 02, 2025
$ 1,525,000Home Price
$ 7,978Monthly payment
$ 1,220,000Amount Financed
$ 95,735Annual cost of Loan
$ 2,872,038Total of 360 Payments

Map

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James Schiller

James Schiller

Realtor, Brand Name Real Estate
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2201 John Henry Ln., Myrtle Beach, SC, 29579
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