107 Magwood Drive | Summerville | $675,000
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107 Magwood Drive
Summerville, SC 29485
$675,000
8
BEDS
4,010
SQ. FT.
107 Magwood DriveSummerville, SC 29485
For SALE
ACTIVE
$675,000
EST. 1,699.13/MO CALCULATE
8
BEDS
4,010
SQ. FT.
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.Owned and meticulously maintained by the same owner for 22 years, it has benefited from $300,000 in capital improvements. The result is a fully stabilized asset with minimal maintenance concerns and immediate cash flow potential. The tenant base is remarkably stable, with average tenancies ranging from 5 to 8 years, and several long-term residents staying 12, 16, even 17 years, clear evidence of a well-managed and desirable living environment.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.
Property Details
- MLS ID25015600
- Property TypeMulti Unit - Multiple
- Building Area Total4010
- CoolingCentral Air
- Days on Site272
- HeatingCentral
- HeatingY/N1
- Home StyleQuadruplex
- Interior FeaturesCeiling Fan(s)
- LaundryWasher Hookup
- Lot Dimensions0.32 acre(s)
- Lot Size0.32 Acres
- Other StructuresNo
- Parking FeaturesOther
- Roof TypeAsphalt
- SewerPublic Sewer
- Stories2.0
- Structure TypeQuadruplex
- Units4
- WaterPublic
- Year Built1984
- acres0.32
Amenities
- Ceiling Fan(s)
Listed By / Shown By
Listed By
Agency Name: Matt O'Neill Real Estate
Charleston Trident MLS
Shown By
Agency Title: Carolina One Real Estate
Agency Phone: (843) 203-5016
Charleston Trident MLS
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107 Magwood Drive
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