$1,550,000
UNDER CONTRACT

120 Fred St Summerville, SC 29483

Estimated payment $9,980/month

Total Views 2,157
-- Bed
-- Bath
4,972 Sq Ft
$312 Price per Sq Ft

About This Home

This Fully leased multifamily investment opportunity located in downtown Summerville SC. comprised of 8 units, the building underwent a full renovation in 2024, featuring all new appliances, HVAC, fixtures, Duration paint, LVP flooring and new tankless water heaters. This low-maintenance brick building, with new systems in place, boasts quartz countertops and stainless steel appliances, offering modern appeal and convenience with 10 on site parking spaces. Situated in the high-demand Summerville area with 100% occupancy, this property presents a seamless, automated management system, with digital access locks on all doors. This property is just blocks from Downtown Main street. Don't pass up this opportunity to invest in the #1 ranked suburb in the USA for 2025!Each unit has its own power meter, water is shared for the building.
Sale is for the building and .19 Acres of land with frontage on Fred Street. The vacant land facing W 5th North Street is not part of this offering, but could also be purchased for an additional $100,000.00. This lot has a preliminary site plan for 3 single family home lots., but could also accommodate townhomes or small commercial development.

Listing Agent

Richard Callari

Birchin Lane Realty Advisors, LLC License #93564 Listed on: 05/19/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1980

Lot Details

  • 8,712 Sq Ft Lot

Interior Spaces

  • 4,972 Sq Ft Home
  • 2-Story Property

Schools

  • Alston Bailey Elementary School
  • Alston Middle School
  • Summerville High School

Utilities

  • Cooling Available
  • Heating Available

Community Details

  • 8 Units
  • Gross Income $156,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1980
  • Lot Size Acres: 0.2
  • Subdivision Name: None
  • Directions: From N Cedar Street Turn On Fred Street. Property Will Be Towards The End On The Left.
  • New Construction: No
  • Building Stories: 2
  • Structure Type: More than 4
  • Special Features: UnderContract
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Entry Location: Ground Level

Exterior Features

  • Other Structures: No
  • Property Condition: Pre-Owned

Garage/Parking

  • Open Parking: No

Utilities

  • Cooling Y N: Yes
  • Heating: Wall Unit(s)
  • Heating Yn: Yes

Schools

  • Elementary School: Alston Bailey
  • High School: Summerville
  • Middle Or Junior School: Alston

Lot Info

  • Lot Size Sq Ft: 8712

Tax Info

  • Tax Map Number: 1301513002

Multi Family

  • Number Of Units Total: 8
  • Annual Gross Income: 156000

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/19/2025 05/19/25 For Sale $1,550,000 +97.5% $312 / Sq Ft
09/20/2024 09/20/24 Sold $785,000 -4.8% $157 / Sq Ft
07/01/2024 07/01/24 For Sale $825,000 -- $165 / Sq Ft
Source: CHS Regional MLS

Source: CHS Regional MLS

MLS Number: 25013797

CHS Regional MLS
South Carolina Dorchester County Summerville 29483

120 Fred St, Summerville, SC

This home is located at 120 Fred St, Summerville, SC 29483 and is currently priced at $1,550,000, approximately $311 per square foot. This property was built in 1980. 120 Fred St is a home located in Dorchester County with nearby schools including Alston-Bailey Elementary, Alston Middle School, and Summerville High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

CHS Regional MLS The information is being provided by Charleston Trident MLS. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. © 2025 Charleston Trident MLS. All Rights Reserved

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Richard Callari
Listing Agent
Richard Callari
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Birchin Lane Realty Advisors, LLC
(843) 887-8748