Back to Search

Summerville Quadplex: Investment Opportunity

107 Magwood Drive, Summerville, SC 29485

View on Map

For Sale

$620,000

MULTI_FAMILY - Summerville, SC

Property size:

4,010 SF

Lot size:

0.32 Acres

Price / SF:

$154/SF

HighLights

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.
Prime Location: Conveniently located near Historic Downtown Summerville, I‑26, and Nexton Square.
Quadplex with Thoughtfully Designed Units: Features four 2‑bedroom, 1.5‑bathroom units.
Dorchester‑2 School District location.

We can help!

Listing Contact

Paul Kelton

For Sale

$620,000

MULTI_FAMILY - Summerville, SC

Property size:

4,010 SF

Lot size:

0.32 Acres

Price / SF:

$154/SF

Added:: Jun 5, 2025
Days on Market:: 380
Last Refresh:: Jun 19 at 4:06 am

Property Features for 107 Magwood Drive

General Information

Property type: Residential Multi Family
Property subtype: Other
Bedrooms: 8
Rooms: Bedroom 6, Bedroom 4, Bedroom 1, Bedroom 3, Bedroom 7, Bedroom 2, Bedroom 5, Bedroom 8
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

We can help!

Listing Contact

Paul Kelton

Listing agent Paul Kelton License #117366

Listing office Matt O'Neill Real Estate Mt. Pleasant, SC

Listing date Jun 5, 2025

MLS# 25015600 Listing URL

HighLights

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.
Prime Location: Conveniently located near Historic Downtown Summerville, I‑26, and Nexton Square.
Quadplex with Thoughtfully Designed Units: Features four 2‑bedroom, 1.5‑bathroom units.
Dorchester‑2 School District location.

Overview

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.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$69.8k	$17.40
− Vacancy	−$4.8k	−$1.21
EGI	$64.9k	$16.19
− OpEx	−$19.5k	−$4.86
NOI	$45.5k	$11.34

4,010 SF · lease $17.40/SF/yr · vacancy 6.93% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$649.4K

$568.2K – $757.6K (±1% cap)

NOI $45,457 @ 7.0% cap · market cap 7.33%

Second Best

Apartment 5plus

$599.3K

$524.4K – $699.2K (±1% cap)

NOI $41,953 @ 7.0% cap · market cap 6.77%

Theoretical Best

Office A

$3.00M

$2.63M – $3.50M (±1% cap)

NOI $210,068 @ 7.0% cap · market cap 33.88%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Location Insight

Map
Local Demand

City: Summerville
County: Dorchester
State: South Carolina
Longitude: -80.193165
Latitude: 32.976872

Nearby Similar for Sale

$660,000

3,958 SF

Well-Maintained Quadplex with Four Units

Four 2-bedroom units with 1.5 baths offer a manageable small multifamily option in Dorchester County.

1212 Boone Hill Road, Summerville, SC 29483

View Details
$758,000

2,783 SF

Residential Income Property with Apartments

A main 5-bedroom residence with an attached secondary living area featuring separate downstairs and upstairs apartment-style spaces.

194 Pecan Drive, Summerville, SC 29483

View Details
$274,900

1,319 SF

Updated 3-Bedroom Townhome

Updated three-bedroom, two-bath townhome with screened porch and lake views, offering a low-maintenance lifestyle.

4818 Habersham Lane, Summerville, SC 29485

View Details
$1,050,000

7,264 SF

Summerville Quadplex Near Downtown

Quadplex in great condition, commercially zoned, minutes from downtown.

102 Candlelite Path, Summerville, SC 29483

View Details
$646,500

3,887 SF

Summerville Quadplex Investment Opportunity

Fully occupied quadplex in Summerville, SC, with strong rental history.

103 Magwood Drive, Summerville, SC 29485

View Details
$289,900

1,767 SF

Pond-Front Attached Duplex Home

Move-in-ready attached duplex features pond-front views and recent kitchen, roof, and HVAC improvements.

101 Chattum Court, Summerville, SC 29485

View Details
$646,500

4,012 SF

Summerville Quadplex Investment Opportunity

Well-located Summerville quadplex near major employers and retail.

104 Jedi Lane, Summerville, SC 29485

View Details
$339,000

1,476 SF

Turnkey 2-Bedroom 55+ Home

Turnkey two-bedroom home in a 55+ community with a screened porch and main-level primary suite.

941 Dusk Drive, Summerville, SC 29486

View Details
$365,000

2,472 SF

Summerville Multifamily Property for Sale

Multifamily property near downtown Summerville with two units.

119 Canvasback Drive, Summerville, SC 29483

View Details
$249,990

3,008 SF

Summerville Triplex Customization Opportunity

Triplex near Historic Downtown Summerville, customize to fit your vision.

780 E Cain Street, Summerville, SC 29485

View Details
$620,000

4,010 SF

Summerville Quadplex: Investment Opportunity

Well-maintained quadplex in a convenient Summerville location.

105 Magwood Drive, Summerville, SC 29485

View Details
$875,000

2,000 SF

Office/Warehouse Building with Fenced Yard

2,000 SF office/warehouse on 1.32 acres near I-26.

219 Old Summerville Rd, Summerville, SC 29486

View Details

For sale
Quadplexes
SC
Summerville
29485
107 Magwood Drive

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.

107 Magwood Drive, Summerville, SC 29485

MULTI_FAMILY - Summerville, SC

Property Features for 107 Magwood Drive

General Information

Utilities

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Well-Maintained Quadplex with Four Units

Residential Income Property with Apartments

Updated 3-Bedroom Townhome

Summerville Quadplex Near Downtown

Summerville Quadplex Investment Opportunity

Pond-Front Attached Duplex Home

Summerville Quadplex Investment Opportunity

Turnkey 2-Bedroom 55+ Home

Summerville Multifamily Property for Sale

Summerville Triplex Customization Opportunity

Summerville Quadplex: Investment Opportunity

Office/Warehouse Building with Fenced Yard

FAQs

Create New Password