246 Pidgeon Bay Rd - Apartments FOR SALE


Summerville, SC 29483
$6,150,000 USD
843-860-6908
246 Pidgeon Bay Rd, Summerville, SC for Sale
$6,150,000 USD
Apartments - FOR SALE
1/20
null | Request Cap Rate

246 Pidgeon Bay Rd
Summerville, SC 29483


HIGHLIGHTS

  • Large, modern 2 & 3 Bedroom Units
  • Top School District
  • Strong Rent Growth

OVERVIEW

ALL OFFERING MATERIALS CAN BE DOWNLOADED FROM THE FOLLOWING PAGE: https://www.eastgatemultifamily.com/cedar-key-offering This above web page will require you to complete a Confidentiality Agreement and Offering Materials will be sent to the email provided.  Current offering materials include: Offering Memorandum Current & Past Financials Rent Rolls Real Estate Taxes Video Tours Brokers & Buyers are both welcome to register. Chris Yeagle EastGate Multifamily Mobile: 843-860-6908 183 Brady Street, Charleston, SC 29492 chris@eastgatemultifamily.com www.eastgatemultifamily.com Licenses: FL: 3010970, GA: 220941, SC: 68049, NC: 299692 —- Cedar Key Apartments is a value-add investment opportunity located in the Summerville submarket of Charleston, South Carolina.    OFFERING HIGHLIGHTS: 48 Units / 2003 Year Built 2 & 3-Bedroom Units  Separate water meters (city meters) Modern floor plans will continue to be functional. The property has large 2- & 3-bedroom floor plans that are modern and will avoid functional obsolescence for decades. 100% of the units have large washer / dryer closets. Average size is 1,008 square feet. At the center of Charleston’s employment corridor and growth. According to the BLS Charleston scored #1 in the nation for employment growth in two of the last three years. Year 3 the metro came in third overall. During these periods, employment growth in the Charleston metro averaged 5% - 6%.

FOR SALE DETAILS

PRICE

$6,150,000 USD

PRICE/SF

$127 USD /SF

# OF UNITS

48

PRICE/UNIT

$128,125

CAP RATE

Request Cap Rate

% LEASED

98%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cedar Key Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2003

PARKING SPACES

80

LAND DETAILS

LAND ACRES

6 AC

LAND SF

261,360 SF

ZONING

R4_DC

APN/PARCEL ID

129-00-00-142

ASK ABOUT THIS PROPERTY

Chris YeagleEastgate MultifamilyMore Info
843-860-6908

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Chris YeagleEastgate MultifamilyMore Info
843-860-6908

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.