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Summerville,SC 29485
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