The Abbey

About The Abbey

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Abbey, a 45-unit apartment community situated in the up-and-coming Hickory market in North Carolina. Conveniently located within two miles of downtown Hickory and I-40, The Abbey provides easy access to major employment centers and a variety of lifestyle amenities. Hickory has maintained a high occupancy rate amidst significant rent growth, reaching an impressive 96.2% average occupancy with a 37.5% rent growth since 2018. Within a 3-mile radius of The Abbey demographics are ideal for multifamily investment, with 45% of housing being renter-occupied and an average household income of $77K. The current ownership has successfully renovated three units, achieving a rent premium of $165 over classic units, providing the blueprint for future rent growth upon completion of the value add campaign.