CEDAR KEY APARTMENTS – 48 UNITS NEAR CHARLESTON, SC
PRICE:
$
5,600,000
STATUS:
Off Market
ADDRESS:
246 Pidgeon Bay Rd, Summerville, SC 29483, USA
OVERVIEW:
SOLD 6/25/26 for $5,600,000
$116,667 per unit
DEATON represented the buyer in this off-market transaction and the seller was represented by East Gate Multifamily. Built in 2003, Cedar Key Apartments is a 48-unit, LIHTC multifamily property in one of Charleston South Carolina’s top submarkets. The property features features spacious two- and three-bedroom floorplans, is separately metered for water and has washer/dryer connections in every unit. The location offers a broad tenant base supported by strong demographics, a great school district, and a median home sale price of nearly $400,000.
UNIT INFORMATION
| Unit | Type | Size | Rent |
|---|---|---|---|
| 24 | 2 BD 2 BA 60 | 915 SF | $1,204 AVG |
| 23 | 3 BD 2 BA 60 | 1,100 SF | $1,342 AVG |
| 1 | 3 BD 2 BA CONV RENO-R | 1,100 SF | $1,458 AVG |
Location Map
CEDAR KEY APARTMENTS – 48 UNITS NEAR CHARLESTON, SC
Address:
246 Pidgeon Bay Rd, Summerville, SC 29483, USA
Price: $
5,600,000
Unit:
48