The Abbey

Multi-Family for Sale
Catylist Listing ID: 30721497
Property Subtypes: Low-Rise/Garden, Student Housing
Number of Units: 19 Units
Building Size (RSF): 19,808 SF
Gross Building Area: See Agent
Sale Price: $5,890,000
Unit Price: $310,000 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 5.0%
Last Updated: 4/16/2021

Overview / Comments

The Abbey is a 19 unit apartment complex in desirable the Elliottborough/Cannonborough neighborhood. The property is convenient to the College of Charleston, MUSC and is popular with young professionals. There are 19 on site parking spaces. The portion of the property fronting on Spring Street is Zoned Limited Business , the balance of the property is zoned DR-2. The unit mix is : 7 - 1BR; 8- 2 BR; 4 - 3BR; 1 office. Total of 19 residential units one office unit.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 51 - Peninsula Chas. inside of crosstown
Tax ID/APN: 460-08-03-199
Year Built: 1960

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 21,916 58,634 138,836
Median Age: 27.48 34.35 36.34
Households: 8,874 24,824 58,204


Photograph of Listing Agent

Miles Martschink

Clement, Crawford & Thornhill
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