$520,000
Est. Payment: $2,673/mo
Adjust down payment, rate & terms
501 Church St, Cheraw, SC 29520
Cheraw, SC 29520
0
bedrooms
0
baths
6,292
sq.ft.
$83
price per sf
Presented By
Carnarri Cofield
REALTOR®
About This Property
Excellent investment opportunity in the Historic District of Cheraw featuring eight potential rental units, with seven currently available for rental use. This multi-unit property offers a strong income-producing opportunity with a combination of updated units, recent renovations, and future value-add potential. Several units have received improvements in recent years including updated HVAC split systems, flooring, cabinetry, windows, appliances, plumbing updates, and roof replacements. One unit has been stripped to the studs and presents an excellent opportunity for renovation or possible conversion into a shared laundry facility for tenants. Current rental income is already in place on select occupied units, while vacant units provide immediate opportunity for increased cash flow and tenant placement. The property includes a mix of ground-floor and upper-level units, with varying layouts and features throughout. Located in the heart of Cheraw’s Historic District, this property is positioned in an area with continued demand for rental housing, making it an attractive option for investors seeking long-term growth and income potential. Shown by appointment only. Preapproval letter or proof of funds required prior to showing.
About the Neighborhood
Homes for sale in 29520 place buyers in Cheraw, one of South Carolina's most historically significant and beautifully preserved small towns, the Chesterfield County seat approximately 75 miles east of Charlotte via US-74 and US-1, nationally recognized for its extraordinary collection of antebellum and Federal-period architecture and its celebrated status as the birthplace of jazz legend Dizzy Gillespie. Cheraw's residential landscape features remarkable Greek Revival, Federal, and antebellum homes in the Historic Cheraw District. listed on the National Register of Historic Places. alongside mid-century ranches and newer construction reflecting the community's measured growth. The revitalizing Downtown Cheraw corridor along Market Street delivers independent dining and boutique retail, while Cheraw State Park. South Carolina's oldest state park, featuring a championship golf course and spring-fed lake. provides exceptional outdoor recreation directly within the community. Major employers including Chesterfield County's healthcare and public sector base anchor local employment. The 29520 real estate market offers buyers nationally significant historic architecture and small-town Southern character at price points that remain among the most compelling in the greater Carolina Piedmont.
Property Features
Property Description
- Year Built: 1950
- Living Area: 6,292 sqft
- New Construction: No
- MLS #: 4382511
Association
- HOA Required: No
Interior Features
- Heating: Central
- Cooling: Central Air
- None
Appliances
- Other
Construction Materials
- Brick Full
- Foundation: Slab
Cooling
- Central Air
Foundation Details
- Slab
Heating
- Central
Laundry Features
- None
Parking Features
- Parking Space(s)
Pets Allowed
- Yes
Road
- Road Responsibility: Publicly Maintained Road
- Road Surface Type: Concrete, Paved
Sewer
- Public Sewer
WaterSource
- City
Location
LISTING COURTESY OF: LEWIS REALTY
mary-lewisrealty@att.net
$520,000
Est. Payment: $2,673/mo
Adjust down payment, rate & terms
Cheraw, SC 29520
0
bedrooms
0
baths
6,292
sq.ft.
$83
price per sf
Presented By
Carnarri Cofield
REALTOR®
Listings courtesy of Canopy MLS as distributed by MLS GRID
No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Citadel Cofield, its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Lewis Realty
Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
$520,000
501 Church Street
0 bed, 0 bath