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$ 1,939,500
Est. payment /mo
Active
Magwood Drive And Jedi Lane Summerville, SC 29485
50,094 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 50,094 sqft
Price per Sqft $38
MLS Listing ID 31007186
Lot Size 1.150 Acres
Acres 1.15
Property Sub-Type Multi Family
Property Description
Rare opportunity to acquire a 12-unit multifamily portfolio in the desirable Summerville submarket of Charleston, SC. This portfolio consists of three quadplexes, located on Magwood Drive and Jedi Lane, each featuring well-designed two-bedroom, one and a half bath units.Currently 80% occupied, the properties currently generate steady income and are ideally situated near major employers (Boeing: 13.8 miles, Volvo: 16.1 miles, and the Joint Naval Base: 17.6 miles), retail and dining (downtown Summerville: 3.7 miles and Nexton Square: 6.5 miles), and key transportation routes (I-26: 5.5 miles), offering tenants convenience. Summerville continues to experience impressive population growth, making it potentially one of the most desirable submarkets in the Charleston MSA for multifamily investment.With proven occupancy and a prime location in a high-demand rental corridor, this 12-unit portfolio has so much to offer. Whether you're looking to expand your portfolio or enter the Charleston multifamily market, Magwood Drive & Jedi Lane represent a great potential investment opportunity.Sold As-Is
Location
State SC
County Dorchester
Zoning Dorchester - N-R - Neighborhood Residential
Exterior
Parking Features Surface
Listed by Paul Kelton • Matt O'Neill Real Estate
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