109 Highland Avenue, Summerville, SC 29486

Property Description

109 Highland Avenue -- Sangaree, Summerville, SC 29486 $125,000 | Sold As-Is | Cash/Hard Money OnlyA rare opportunity to acquire a renovation project in one of Summerville's established, no-HOA neighborhoods. This 3-bedroom, 2-bath brick ranch sits on a level lot of roughly 0.2 acres and has sustained extensive fire damage -- the value here is in the land and the upside, not the current structure. The lot sits on a quiet, established street minutes from I-26, Nexton, and Historic Downtown Summerville. What buyers should know: this home requires a full renovation and is sold strictly as-is, with no warranties or repairs. Given the extent of the fire damage, the structure may be unsafe to enter.All access requires a signed Hold Harmless Agreement, and anyone entering the property does so at their own risk. This will be a cash or hard-money purchase; it will not qualify for traditional financing. The opportunity: two of the closest possible comps -- 106 Highland Ave (3BR/1.5BA, 1,094 sq ft) and 144 Highland Ave (4BR/2BA, 1,495 sq ft), both on this same street -- sold renovated for $285,000 and $325,000 respectively. Scaled to 109 Highland's ~1,073 sq ft footprint, that points to a proposed ACV of roughly $250,000-$255,000, leaving meaningful spread over the $125,000 acquisition price before rehab and holding costs. Priced at $125,000 to move quickly. Bring your contractor, your vision, and your proof of funds.