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107 Magwood Drive

Summerville, SC 29485
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Bed 8

Bed

Bath 0

Bath

SqFt4,010

Sqft

Acres0.32

Acre(Lot)

Welcome to 107 Magwood Drive, a potentially well-positioned 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 allows you to move into one unit while renting the three remaining fully leased units. Current leases include: Unit A: $1,400/month Unit B: $1,500/month Unit C: $1,500/month Unit D: $1,250/month. Altogether, the quadplex brings in $5,650 per month in gross rental income, offering the potential for immediate cash flow.Owned and meticulously maintained by the sa me 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 the additional units, 107 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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Detail Ic Property Details

Property Type : Residential Income

Price : $620,000

AD Id : 65199342

MLS Id : 25015600

Beds : 8

Lot Size : 0.32 Acre

Living Area Size : 4,010

Year Built : 1984

County : Dorchester

Subdivision: Millbrook

  • Map Map

Map

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Feature Features

  • Roofing Information

    Asphalt
  • Interior Features

    Ceiling Fan(s) Roof: Asphalt Laundry Features: Washer Hookup
  • Heating & Cooling

    Heating: Central Cooling: Central Air WaterSource: Public

  • Building Information

    Year Built: 1984

  • Lot Information

    Lot Size Area: 0.32 Lot Size Units: Acres Lot Square Feet: 13,939 Lot Acres: 0.32 Stories: 2 Main Square Feet: 0.32

    Property Information

    Property Type: Residential Income Structure Type: Quadruplex Subdivision: Millbrook

  • Parking Information

    Other

  • Elementary School: Flowertown
    Junior High School: Gregg
    Senior High School: Summerville
  • Location Information

    Direction: Ladson Rd To Dorchester County. Turn Right Onto Circle Dr. Turn Right Onto Sc-165 N/bacons Bridge Rd. Turn Right Onto Heber Rd. Turn Right Onto Jedi Ln. Turn Right Onto Magwood Dr.
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Nearby Home Value

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4817 Morning Dew Court, Summerville, SC, 29485 $385,000 4 2.5 1,752 1,752 SqFt
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9056 Pickett Fence Lane, Summerville, SC, 29485 $384,000 4 2.5 2,380 2,380 SqFt
8961 Planters Row Lane, Summerville, SC, 29485 $305,000 3 2.5 1,149 1,149 SqFt
8945 Planters Row Lane, Summerville, SC, 29485 $334,900 3 2.5 1,426 1,426 SqFt
9120 Fieldstone Trace, Summerville, SC, 29485 $335,000 4 2.0 1,654 1,654 SqFt
8956 N Red Maple Circle, Summerville, SC, 29485 $358,000 3 2.5 1,871 1,871 SqFt
8897 Cat Tail Pond Road, Summerville, SC, 29485 $425,000 3 2.5 2,730 2,730 SqFt
8921 Skipping Rock Lane, Summerville, SC, 29485 $339,500 3 2.5 2,028 2,028 SqFt
4813 Field Planters Drive, Summerville, SC, 29485 $337,500 3 2 1,325 1,325 SqFt

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ByOwner last updated this listing 06/24/2026 @ 04:59

MLS: 25015600 LISTED BY: Paul Kelton, Matt O'Neill Real Estate SOURCE: CHS Regional MLS

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