119 Canvasback Drive Summerville, SC 29483
MULTI_FAMILY - Summerville, SC
Property Features for 119 Canvasback Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Rooms
- Bedroom 3, Bedroom 1, Bedroom 2, Bedroom 4
- Parking
- 2
- Standard status
- Active Under Contract
- Size
- 2,472 SF
- Lot size
- 0.28 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1983
- Floors in Building
- 1
- Number of units
- 2
- Building materials
- Brick Veneer
Listing agent Chris Borders (843) 725-5059
Listing office AgentOwned Realty Preferred Group Mount Pleasant, SC (843) 725-5059
Listing date May 29, 2026
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.
Investment Insights
Based on property information with market context.
Key Highlights
- 2‑bedroom, 2‑bath units (both units feature 2 beds and 2 baths)
- Large dens with fireplaces in both units
- Covered patios plus a good‑sized backyard and wooded area behind
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.0k | $17.40 |
| − Vacancy | −$3.0k | −$1.21 |
| EGI | $40.0k | $16.19 |
| − OpEx | −$12.0k | −$4.86 |
| NOI | $28.0k | $11.34 |
