SC > Summerville > Millbrook
Summerville, SC 29485,107 Magwood Dr
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Summerville, SC 29485,107 Magwood Dr
Summerville, SC 29485,107 Magwood Dr
Summerville, SC 29485,107 Magwood Dr
Summerville, SC 29485,107 Magwood Dr
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Shakeima Chatman

Shakeima Chatman

+1(843) 532-0330
Listed by   Matt O'Neill Real Estate
$ 712,500
Est. payment /mo
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Price Dropped by $37K

107 Magwood Dr Summerville, SC 29485

8 Beds

4,010 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,010 sqft

Price per Sqft $177

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.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.

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

agent
Shakeima Chatman

Broker Associate | License ID: 108213

+1(843) 532-0330 | shakeima@chatmanrealty.com

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