$520,000
About this home
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.
Property details
- MLS #
- 2602043
- Property type
- Apartment 4+
- Subdivision
- City
- Status
- Active
- Days on market
- 45
- On market date
- N/A
- Stories
- 2
- Total bathrooms
- N/A
- Garage spaces
- N/A
- Parking spaces
- 12
- Lot size
- N/A
Location
Get directions →Nearby schools
Within 10 miles · public school directory data (NCES)
- Enrollment
- 426
- Student:teacher ratio
- 13.3:1
- District
- Chesterfield 01
- Enrollment
- 430
- Student:teacher ratio
- 13.9:1
- District
- Chesterfield 01
- Enrollment
- 635
- Student:teacher ratio
- 12.2:1
- District
- Chesterfield 01
Walkability
Blended score for Cheraw's center: EPA's National Walkability Index (street network, transit, land-use mix) combined with nearby-amenity density. 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).
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Data source: Listing information provided by Pee Dee API via Trestle/CoreLogic. Last updated July 2, 2026.
Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.