107 Magwood Drive, Summerville, SC 29485
Local realty services provided by:Better Homes and Gardens Real Estate Medley
Listed by:brett poirier
Office:matt o'neill real estate
MLS#:25015600
Source:SC_CTAR
107 Magwood Drive,Summerville, SC 29485
$712,500
- 8 Beds
- - Baths
- 4,010 sq. ft.
- Multi-family
- Active
Price summary
- Price:$712,500
- Price per sq. ft.:$177.68
About this home
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 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 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.
Contact an agent
Home facts
- Year built:1984
- Listing Id #:25015600
- Added:74 day(s) ago
- Updated:August 19, 2025 at 02:17 PM
Rooms and interior
- Bedrooms:8
- Living area:4,010 sq. ft.
Heating and cooling
- Cooling:Central Air
Structure and exterior
- Year built:1984
- Building area:4,010 sq. ft.
- Lot area:0.32 Acres
Schools
- High school:Summerville
- Middle school:Gregg
- Elementary school:Flowertown
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$712,500
- Price per sq. ft.:$177.68
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