Property

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

 

Palmetto Commercial Properties

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Info

  • AddressMagwood Drive And Jedi Lane
  • City, ZIPSummerville, SC 29485
  • MLS #31007186
  • Price$1,939,500.00
  • TypeMulti-Family
  • Sq Ft11786
  • Country:Dorchester
  • Title:12 Unit Multifamily Portfolio in Summerville
  • Zoning:Dorchester - N-R - Neighborhood Residential

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