Is buying a condo in Myrtle Beach a good investment? In this video, I talk about return on investment and what to look for. Cash flow and expenses are only one part of the investment to consider.
This is an efficiency unit with an ocean view. As you can see, the group is on the side of the building, and there are other buildings across from it, but you have a view. So that means “ocean view.” If you’re directly on the beach, directly oceanfront, that’s an “ocean front” unit.
We’re on the balcony, and we’re going to take a look through. This unit is for sale. Units in this building will run from $87k – $156k for either efficiency or 1-bedroom. I want to show you the difference, and I shot another video of a 1-bedroom, so you get an idea of what that is. This resort has 23 pools, tiki bar, restaurants, a sports bar, you name it – it’s here. There’s face-painting for kids on the beach, scavenger hunts, and all that sort of thing.
Now we’re going to go inside. Why is this called an efficiency? Because it’s efficient. There’s a king bed in here. Its furnishings are up-to-date. Cable TV. Also, a couch so the room will sleep four people. This is a handicapped equipped unit, so the stove and the sink are lower. The cabinets are up-to-date as well.
Join me twice a week on our blog for more videos about Myrtle Beach and other helpful topics.