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105/107 Magwood Drive

Summerville, SC 29485
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Bed --

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Acres0.82

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Welcome to 105 & 107 Magwood Drive -- a rare opportunity to acquire two fully leased quadplexes in the heart of Summerville, offering a total of eight potentially income-producing units in one of the fastest-growing submarkets in the Charleston metro. Each building features four well-maintained 2-bedroom, 1.5-bathroom townhome-style units, designed with functionality and comfort in mind. With all eight units currently occupied and generating a combined monthly rental income of $10,850, this is potentially an ideal acquisition for investors. Current Rents by Unit: 105 Magwood Drive Unit A: $1,225 Unit B: $1,500 Unit C: $1,225 Unit D: $1,250 107 Magwood Drive Unit A: $1,400 Unit B: $1,500 Unit C: $1,500 Unit D: $1,250Owned and meticulously maintained by the same owner for 22 years, it has be nefited from $600,000 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.Whether you're an experienced investor looking to expand your portfolio or a savvy buyer interested in a potential live-in investment strategy, these side-by-side quadplexes offer multiple paths to potential wealth-building. Potentially occupy one unit and offset your living expenses, or keep all eight units rented. Located just 3.7 miles from Historic Downtown Summerville, 5.5 miles from I-26, and 6.5 miles from Nexton Square, your tenants will enjoy easy access to major employers, shopping, dining, and top-rated Dorchester-2 schools. The area's robust job market, population growth, and limited multifamily inventory all make this a great potential offering.Opportunities to acquire an eight-unit portfolio with strong rental history in a growing market don't come around often. Buyer agrees to comply with all necessary documentation to facilitate a 1031 exchange, if applicable. Proof of funds or a letter of credit (LOC) from a financial institution 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.Sale includes TMS#1530500030 and TMS#1530500031

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Detail Ic Property Details

Property Type : Residential Income

Price : $1,350,000

AD Id : 65182601

MLS Id : 31006307

Lot Size : 0.82 Acre

Year Built : 1984

County : Dorchester

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  • Building Information

    Year Built: 1984 Building Area Total: 8020 Private Pool: No

  • Lot Information

    Lot Size Acres: 0.82

  • Listing Price Information

    Listing Price: $1350000 Original Price: $1500000

  • Tax Information

    Parcel Number: 1530500031

  • 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. WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
Magwood Drive And Jedi .., Summerville, SC, 29485 $1,293,000 -- -- --
4839 Habersham Lane, Summerville, SC, 29485 $279,000 3 2 1,400 1,400 SqFt
4818 Habersham Lane, Summerville, SC, 29485 $274,900 3 2 1,319 1,319 SqFt
4816 Habersham Lane, Summerville, SC, 29485 $259,000 3 2 1,396 1,396 SqFt
9232 Ayscough Road, Summerville, SC, 29485 $254,000 3 2 1,319 1,319 SqFt
4808 Habersham Lane, Summerville, SC, 29485 $280,000 3 2 1,319 1,319 SqFt
101 Chattum Court, Summerville, SC, 29485 $289,900 4 3 1,767 1,767 SqFt
116 Hardee Ave Avenue, Summerville, SC, 29485 $250,000 2 2.0 1,300 1,300 SqFt
113 Hardee Avenue, Summerville, SC, 29485 $255,000 2 2 1,264 1,264 SqFt
206 Dupont Way, Summerville, SC, 29485 $250,000 2 2 1,120 1,120 SqFt

IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Listing information updated daily.

ByOwner last updated this listing 06/21/2026 @ 04:39

MLS: 31006307 LISTED BY: , SOURCE: South Carolina Statewide Commercial MLS

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