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USASCSummervilleMillbrook105 Magwood Dr
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105 Magwood Dr, Summerville, SC

Real Estate

For Sale

Listed price in listed location currency (USD).
$675,000

800

MLS® 25015599

  • Key Facts
  • Description
  • Map

Key Facts

Type Quadruplex
Levels Residential Income
Size -
Garage No
Taxes 
Days Active 223
Lot Size 0.49 acres
Approx. Age 1984
MLS® Number 25015599

Property Address: 105 Magwood Dr, Summerville, SC, 29485-4629

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number25015599
Laundry LevelWasher Hookup
Central VacNo
FireplaceNo
Acreage0.49
Exterior
GarageNo
Approx. Age1984
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 5, 2025List Date
$675,000List Price
  • Commute

Commute

Starting Address
Destination Address
105 Magwood Dr, Summerville, SC

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