| Bedrooms: | 8 beds |
| Bathrooms: | 0 baths |
| (None specified): | 4,010 sqft |
| Lot: | 0.49 |
| Year Built: | 1984 |
| Listing Status: | Active |
Listing Agent
Brett Poirier (843) 654-7777
We cannot obtain a map view for this location. Please
See Google Maps for any possible street views and other mapping views.
We cannot obtain a street view for this location. Please
See Google Maps for any possible street views and other mapping views.
| Monthly Principal + Interest: | $ |
| Monthly tax: | $ |
| Total Payment: | $ |
These amounts are estimates and do not take into consideration other expenses such as PMI, etc.. This is only an estimate.
Description
Welcome to 105 Magwood Drive, a well-positioned potential 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 potentially allows you to move into one unit while renting the three remaining fully leased units. Current leases include: Unit A: $1,225/month Unit B: $1,500/month Unit C: $1,225/month Unit D: $1,250/month. Altogether, the quadplex brings in $5,200 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 additional units, 105 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.Other Information
105 Magwood Drive, Summerville, SC, 29485 is a (none specified) listing of 4,010 sqft on a lot of 0.49. This (none specified) listing has 8 bedrooms, and 0 baths. The map for this location can be viewed on Google maps at
105 Magwood Drive, Summerville, SCListing offered by: Matt O'Neill Real Estate - matt@mattoneillteam.com - (843) 654-7777
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