Description
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 strongincome-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 andupper-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.
Address
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Address: 501 Church Street, Cheraw, South Carolina 29520
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City: Cheraw
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State/county: SC
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Zip/Postal Code: 29520
Details
Updated on May 19, 2026 at 12:20 am-
Property ID 4383404
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Price $520,000
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Property Size 6292 m²
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Bathrooms 4
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Year Built 1950
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Property Type Apartment, Residential Income
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Property Status Active, For Sale
Additional details
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Sewer Public Sewer
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Cooling Central Air, Electric, Heat Pump
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Heating Central, Electric, Heat Pump
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County Chesterfield
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Property Type Residential Income
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Parking On Street
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Elementary School Cheraw Primary
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Middle School Long
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High School Cheraw
Features
Mortgage Calculator
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Down Payment
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Loan Amount
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Monthly Mortgage Payment
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Property Tax
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Home Insurance
Contact Information
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