105 Magwood Drive Summerville, SC 29485
MULTI_FAMILY - Summerville, SC
Property size:
4,010 SFLot size:
0.49 AcresPrice / SF:
$154/SF- Added:
- Jun 5, 2025
- Days on Market:
- 337
- Last Refresh:
- May 7 at 4:06 am
Property Features for 105 Magwood Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Rooms
- Bedroom 1, Bedroom 7, Bedroom 6, Bedroom 2, Bedroom 5, Bedroom 4, Bedroom 3, Bedroom 8
- Interior features
- Ceiling Fan(s)
- Standard status
- Active
- Size
- 4,010 SF
- Lot size
- 0.49 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1984
- Floors in Building
- 2
- Number of units
- 4
- Roof type
- Asphalt
Listing agent Paul Kelton (843) 654-7777
Listing office Matt O'Neill Real Estate Mt. Pleasant, SC (843) 654-7777
Listing date Jun 5, 2025
MLS# 25015599
Listing URL
Copyright © 2026 CHS Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- High Gross Monthly Rental Income: $5,200 per month, offering immediate cash flow potential.
- Significant Capital Improvements: $300,000 invested, resulting in a fully stabilized asset.
- Stable, Long‑Term Tenants: Average tenancies range from 5 to 8 years, with some residents staying 12+ years.
- Prime Location: Conveniently located near Historic Downtown Summerville, I‑26, and Nexton Square.
- Well‑Maintained Quadplex: Features four 2‑bedroom, 1.5‑bathroom units.
- House‑Hacking Potential: Opportunity to live in one unit while renting out the other three, generating income.
Overview
Summerville Quadplex: Investment Opportunity
Located in Summerville, South Carolina, this quadplex at 105 Magwood Drive presents a potential investment opportunity. The property features four units, each with 2 bedrooms and 1.5 bathrooms. The property has been under the same ownership for 22 years, during which time $300,000 in capital improvements have been made. The property is currently fully leased. Unit A is leased for $1,225 per month, Unit B for $1,500 per month, Unit C for $1,225 per month, and Unit D for $1,250 per month, bringing in a gross rental income of $5,200 per month. The tenant base is stable, with average tenancies ranging from 5 to 8 years, and several long-term residents staying 12, 16, even 17 years. The property is located 3.7 miles from Historic Downtown Summerville, 5.5 miles from I-26, and 6.5 miles from Nexton Square, offering access to local amenities, shops, restaurants, and major employers. Residents are served by the Dorchester-2 School District. The property is situated on a 0.49-acre lot. The building size is 4,010 square feet. This property may be suitable for a 1031 exchange.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Summerville
- County
- Dorchester
- State
- South Carolina
- Longitude
- -80.19347
- Latitude
- 32.97693
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Well-maintained quadplex in a convenient Summerville location.
Where is this quadplex located?
The property is located at 105 Magwood Drive Summerville, SC.
What is the asking price?
The asking price for this property is $620,000.
What are key features of this property?
This property features: High Gross Monthly Rental Income: $5,200 per month, offering immediate cash flow potential.; Significant Capital Improvements: $300,000 invested, resulting in a fully stabilized asset.; Stable, Long‑Term Tenants: Average tenancies range from 5 to 8 years, with some residents staying 12+ years.
