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.
| Listing Id: | 2602043 |
|---|---|
| List Price: | $520,000 |
| Property Type: | Residential Income |
| Property Sub Type: | Apartment 4+ |
| Status: | Active |
| Living Area: | 6,292 |
| Waterfront?: | No |
| City: | Cheraw |
| County Or Parish: | Chesterfield |
| Subdivision Name: | City |
| Postal Code: | 29520 |
| Year Built: | 1950 |
| Number Of Units Total: | 7 |
| Basement: | false |
| Building Area Total: | 6292 |
| Construction Materials: | Brick Veneer |
| Cooling: | Central Air, Heat Pump |
| Cooling?: | Yes |
| Geographical Coordinates (LongitudeLatitude): | -79.88734529999999, 34.6916656 |
| Elementary School: | Cheraw Primary |
| Flooring: | Carpet, Vinyl, Laminate |
| Heating: | Heat Pump, Central |
| Heating?: | Yes |
| High School: | Cheraw High |
| Should This Listing Participate In Idx.: | Yes |
| The Full Name Of The Listing Agent. (First Middle Last): | Mary D Anderson |
| List Agent Key: | 66c5de7526c9a6b78307d26ed03aea76 |
| Listing Contract Date: | 2026-05-18 |
| Living Area Units: | Square Feet |
| MLS Area Major: | Cheraw |
| Middle Or Junior School: | Cheraw Interm. |
| Mls Status: | Active |
| Open Parking?: | Yes |
| Parcel Number: | 272 001 005 012 |
| Parking Features: | On Street |
| System Generated Timestamp Of When The Last Update Or Change To The Photos For This Listing Was Made.: | 2026-05-18T21:22:30.593Z |
| Roof: | Composite Shingle, Metal |
| Sewer: | Public Sewer |
| State Or Province: | SC |
| Stories: | 2 |
| Water Source: | Public |
| A List Of Feed Types That This Resource Belongs To.: | IDX |
Listing Courtesy of: Lewis Realty
Listing Agent: Mary Anderson
843-910-1934
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Realtor Association of Greater Pee Dee data last updated on October 08, 2026 06:33 PM - ET.
Property Last Updated: October 08, 2026 06:33 PM - ET
