The new Market Common is growing in spite of this recession we are experiencing. The Live/Work units are a throw back to the time when shop keepers lived above their stores. Can you imagine how this invest will pay off in a few years since this is one of the most unique developments in the entire state.
Market Common not only has upscale shopping, a movie theater, grocery store, 9 great restaurants, the Crab Tree Gym with all new equipment and flat screen tvs, miles of walking/biking trails, but it is only minutes from the airport and the Atlantic Ocean.
The developer has moved his office to one of the Live/Works and is offering the buyer of this unit an opportunity to lease it back to him.
Here is a brief description of the lease back opportunity at Market Common The unit is a Rutledge model, 1776 sq ft with commercial space on the first floor and a 2 story residential area above. The price is $315,000. There are only going to be 80 of these Live/Work models built, out of over 1000 townhomes altogether. The rent that you would receive is $2362.50 for a minimum of 1 -2 years with a possible extension.
There isn 't a better deal in Myrtle Beach where you could legally have a home and a true business for $315,000. .
Here are the numbers:
$315,000 Purchase Price
$63,000 Initial Deposit
$252,000 Amount Financed
$2,363 X 24 Months=$56,712 Payments Received back from Dock Street
Let me know if this interests you - it's a once in a life time offer...
Comments(1)