107 Magwood Dr new to site

Summerville,SC 29485

$ 750000

8 Beds

- Bath

4010 SqFt


Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,010 sqft

Price per Sqft $187

Subdivision Millbrook

MLS Listing ID 25015600

Bedrooms 8

Year Built 1984

Lot Size 0.320 Acres

Acres 0.32

Property Sub-Type Quadruplex

Property Description

Welcome to 107 Magwood Drive, a potentially well-positioned investment opportunity in one of Summerville's most convenient locations. This well-maintained quadplex features four thoughtfully designed 2-bedroom, 1.5-bathroom units, making it an ideal fit whether you're searching for your next home, a potential income-producing property, or a strategic addition to your portfolio. If you're exploring a house-hack strategy, this property allows you to move into one unit while renting the three remaining fully leased units. Current leases include: Unit A: $1,400/month Unit B: $1,500/month Unit C: $1,500/month Unit D: $1,250/month. Altogether, the quadplex brings in $5,650 per month in gross rental income, offering the potential for immediate cash flow.Located just 3.7 miles from Historic Downtown Summerville, 5.5 miles from I-26, and 6.5 miles from Nexton Square, the property offers unmatched access to local amenities, shops, restaurants, and major employers. Residents will enjoy living in the Dorchester-2 School District.

Whether you're seeking a turnkey 1031 exchange opportunity or a comfortable place to live while renting the additional units, 107 Magwood Drive presents a compelling option in a high-growth Charleston submarket.

The buyer agrees to cooperate with all documentation necessary to complete a 1031 exchange, if applicable. Proof of funds or a letter of credit (LOC) from a bank or mortgage lender is required prior to any showings or walkthroughs.

*Rental availability and options are not guaranteed. Buyers interested in residential and other rental options must verify with any and all governing bodies.

Location

State SC

County Dorchester

Area 62 - Summerville/Ladson/Ravenel To Hwy 165

Interior

Interior Features Ceiling Fan(s)

Heating Central

Cooling Central Air

Laundry Washer Hookup

Exterior

Parking Features Other

Roof Type Asphalt

Building

Dwelling Type Quadruplex

Story 2

Sewer Public Sewer

Water Public

New Construction No

Schools

Elementary Schools Flowertown

Middle Schools Gregg

High Schools Summerville

Others

Acceptable Financing Any

Listing Terms Any

Financing Any

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