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For Sale

Sunset East

398 Blockade Drive,
Pawleys Island, SC 29585

Asset Snapshot

$85,008.15
NOI
1980
Year Built
2020
Year Renovated
2
Building Count
6 Units
Unit Count
0 SF
Average Unit Size
4,900 SF
Property Size
100%
Occupancy

Offering Summary

Investment Overview

Sunset East presents a stabilized multifamily investment opportunity with a coastal-modern composition tailored for investors looking for immediate cashflow and development upside. The property provides 6 well-proportioned living spaces, spanning across two buildings; 1 duplex and 1 quad. Recently updated mechanical and building systems deliver dependable performance, allowing owners to focus on management rather than maintenance. The lot configuration could allow for the construction of additional dwellings. This property is not governed by an HOA and is not subject to any short-term rental restrictions. New ownership could continue with the convenience of long term stabilized rents or pivot into a short-term rental structure.


Investment Highlights

  • Coastal-modern multifamily asset
  • Two buildings: duplex and quad
  • 6 units - 2 BR / 2 BA
  • Total acreage: 1.4
  • General Residential zoning
  • Large lot for future development
  • Strategically located (<1 mile to beaches and shopping)
  • Stabilized rents with one year lease structure
  • Ability to move into the short-term rental market

How it Works

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Listing Syndicated From

Buildout
For Sale
$1,395,000
Asking Price