$149,000

About This Property

This is proposed construction of multifamily property; pricing is for the land and seller documents that are available relating to the construction of the proposed 4 unit (2 Duplex) property. Approved 4 unit (2 Duplex) property, in one of the most convenient and accessible locations in all of Summerville. This pad ready site (dirt removal and new fill dirt has already taken place) comes with design and engineering documents provided by Seller; the project has been submitted and previously approved by Dorchester County. Site layout has been smartly designed to promote efficient parking between the two buildings. Expert attention was given to the interior layout of each unit, which consists of approximately 1500 sf of maximized living space per unit, with 3 spacious bedrooms and 2.5 baths.This property offers real estate investors multiple avenues of investment strategy, as each building can be bifurcated into a horizontal property regime as a for sale condo product, or the property could function as a single cash flowing investment under one TMS number. The sites proximity to I-26 exit 197 (+/-2.5 miles), Nexton (+/- 3.5 miles) and Downtown Summerville (+/- 1.5 miles) is at an absolute premium. Additionally, the property sits in the highly desirable Dorchester District 2 school system, which is an attractive attribute for all buyers and/or renters. The N Maple Street corridor between Hwy 78 and W Richardson is undergoing rapid redevelopment and renovation, with a new Roper St Francis facility and the potential redevelopment of the "Interfor" site, which sits on approximately 60 acres.

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