Status: For Sale
- Area
- 4010 ft2
- Bedrooms
- 8
- Days For Sale
- 1
Location
- Area:Summerville/Ladson/Ravenel to Hwy 165
- City:Summerville
- County:Dorchester
- State:SC
- Subdivision: Millbrook
- Zip code:29485
Amenities
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.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.
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The information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS boards of the SC Realtors.