107 Magwood Drive Summerville, SC 29485
MULTI_FAMILY - Summerville, SC
Property size:
4,010 SFLot size:
0.32 AcresPrice / SF:
$154/SF- Added:
- Jun 5, 2025
- Days on Market:
- 332
- Last Refresh:
- May 2 at 6:06 pm
Property Features for 107 Magwood Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Rooms
- Bedroom 3, Bedroom 2, Bedroom 4, Bedroom 5, Bedroom 8, Bedroom 7, Bedroom 1, Bedroom 6
- Interior features
- Ceiling Fan(s)
- Standard status
- Active
- Size
- 4,010 SF
- Lot size
- 0.32 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# 25015600
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.
Overview
Summerville Quadplex: Investment Opportunity
Located in Summerville, SC, the property at 107 Magwood Drive is a quadplex featuring four 2-bedroom, 1.5-bathroom units. The property has been under the same ownership for 22 years, during which time $300,000 in capital improvements have been made. The property generates $5,650 per month in gross rental income. Current leases include: Unit A: $1,400/month, Unit B: $1,500/month, Unit C: $1,500/month, Unit D: $1,250/month. The property is situated approximately 3.7 miles from Historic Downtown Summerville, 5.5 miles from I-26, and 6.5 miles from Nexton Square. The property is located within the Dorchester-2 School District. The property 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. The property is situated on a 0.32-acre lot and has a building size of 4,010 square feet. The buyer agrees to cooperate with all documentation necessary to complete a 1031 exchange, if applicable.
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
- -80.193165
- Latitude
- 32.976872
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 107 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: Generates $5,650 per month, offering immediate cash flow potential.; Fully Stabilized Asset: Benefits from $300,000 in capital improvements and meticulous maintenance over 22 years.; Stable, Long‑Term Tenants: Average tenancies range from 5 to 8 years, some residents staying 12‑17 years.
