13 MUDDY BAY DRIVE

MURRELLS INLET, SC 29576

240

Units

2018

Year Built

Executive Summary

Built in 2018, Waterleaf at Murrells Inlet is a prime investment on the southern tip of the Myrtle Beach MSA. This 240-unit surface-parked multifamily community is ideal for a value-add renovation, offering growth potential. The asset is owned by the original developer, Graycliff, who has a strong track record of apartment development throughout the Sun Belt. Investors have flexible financing options, including assuming an existing HUD loan or opting for free-and-clear debt. The community boasts a stable demographic with long-term residents and is offered at a discount to replacement costs, presenting a unique market opportunity.

Property Summary

13 MUDDY BAY DRIVE
MURRELLS INLET, SC 29576

TYPE
# UNITS
SIZE (SF)
% OF MIX
1 Bed / 1 Bath – Water View
33
726
14%
1 Bed / 1 Bath 
928
742
12%
2 Bed / 2 Bath
95
1,008
40%
2 Bed / 2 Bath – Water View
25
1,008
10%
2 Bed / 2 Bath 
12
1,064
5%
3 Bed / 2 Bath 
23
1,183
10%
3 Bed / 2 Bath – Water View
24
1,183
10%
TOTAL/AVG. 
240 
975 
100% 

Property Description

  • Property Address13 Muddy Bay Drive Murrells Inlet, SC 29576
  • CountyGeorgetown
  • Units240
  • Year Built2018
  • Parcel Number41-0119-030-00-00
  • Style Garden
  • StoriesThree
  • BuildingsFourteen residential buildings
    Three support buildings
    (clubhouse, maintenance, kayak/bike barn storage)
  • Acreage 21.44 AC
  • Units per Acre11/AC
  • Elevators One (Building 5)
  • RoofPitched (tile)
  • ConstructionWood frame
  • Ceiling Height9 ft
  • Parking321 spaces (1.34/unit)

Utilities

  • Electric*Duke Energy
  • Water/Sewer*Grand Strand Water and Sewer Authority
  • Trash Removal*Quest

*Paid by tenant

Mechanical Systems

  • HVACIndividual AC
  • Hot WaterIndividual domestic (electric)
  • Heat Individual (electric)

Fees

  • Valet Trash$20/mo
  • Pet Fee$500-$750 deposit - $30/mo
  • Water/Sewer Reimbursement$35 for 1BR; $45 for 2BR; $55 for 3BR
  • Pest Fee$10/mo
  • Garages (37 total) $150/mo
  • Storage Units (48 total) $20/mo for small and $30/mo for large

Amenities

Community Amenities 

  • Resort-style saltwater swimming pool featuring tanning shelf with in-water lounge chairs
  • Outdoor entertainment space with firepit
  • Bike kayak, and paddle board storage
  • Community chipping and putting green
  • 24-Hour premium fitness center with cardio and weightlifting equipment
  • Clubhouse with lounge, game room, and fireplace
  • Resident social and gaming lounge
  • Dog park with dog wash station
  • Car wash station
  • Private garages available
  • Package locker system
  • Complimentary Wi-Fi in pool area and clubhouse
  • Online resident portal rent and maintenance request acceptance
  • 24/7 Emergency maintenance
  • On-site management

Unit Amenities

  • Open concept gourmet kitchen
  • Custom white cabinetry
  • GE, Energy Star stainless steel appliances include a refrigerator with ice maker, oven/range, microwave, dishwasher, and garbage disposal
  • Attractive wood-style flooring
  • Granite countertops in kitchen and bathrooms
  • Garden soaking tub*
  • 9-Foot ceilings
  • Vaulted ceilings*
  • Walk-in closet*
  • Large private balcony
  • Screened-in porch
  • In-home washer/dryer
  • Ceiling fans in living space and bedrooms
  • Cable hookups

*In select homes

Contact Us

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Suite 200
Charlotte, NC 28209

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4030 Wake Forest Road
Suite 300, Office 314
Raleigh, NC 27609

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121 Calhoun Street
Suite 200
Charleston, SC 29401

Charlotte Office
4201 Congress Street
Suite 200
Charlotte, NC 28209

Investment Sales

Caleb Troop
Senior Managing Director
314.607.3481
[email protected]

Matt Robertson
Associate Director
919.812.3174
[email protected]

Thomas Colaiezzi
Director
901.603.8590
[email protected]

Jim Sewell
Senior Managing Director
843.806.4400
[email protected]

David Lansbury
Senior Managing Director
843.806.4399
[email protected]

Mortgage Banking

Jeremy Lynch
Director
215.328.1337
[email protected]

Jake Adoni
Director
215.328.1324
[email protected]

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