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246 Pidgeon Bay Rd
Summerville, SC 29483
Cedar Key Apartments · Multifamily Property For Sale
·
48 Units
Investment Highlights
- Affordable Housing Restrictions
- Opportunity to Convert 29 Units to Market Rate in Years 2 & 3
- Explosive Economic Growth in Charleston
- Loss-to-Lease Reduction and Max Allowable Rent
- NOI Increases Through Expense Reduction
- Booming Charleston Submarket
Property Facts
| No. Units | 48 | Building Size | 48,360 SF |
| Property Type | Multifamily | Average Occupancy | 83% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built | 2003 |
| Building Class | B | Parking Ratio | 1.65/1,000 SF |
| Lot Size | 6.00 AC | ||
| Zoning | R-4_DC | ||
| No. Units | 48 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 6.00 AC |
| Building Size | 48,360 SF |
| Average Occupancy | 83% |
| No. Stories | 3 |
| Year Built | 2003 |
| Parking Ratio | 1.65/1,000 SF |
| Zoning | R-4_DC |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Washer/Dryer Hookup
- Ceiling Fans
- Views
- Walk-In Closets
Site Amenities
- Clubhouse
- Laundry Facilities
- Playground
- Storage Space
- Lounge
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 23 | - | 915 |
| 3+2 | 25 | - | 1,100 |
Property Taxes
| Parcel Number | 129-00-00-142 | Improvements Assessment | $169,803 |
| Land Assessment | $194,400 | Total Assessment | $364,203 |
Property Taxes
Parcel Number
129-00-00-142
Land Assessment
$194,400
Improvements Assessment
$169,803
Total Assessment
$364,203
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