Catylist ID:
#30812599
Cheslyn Place 98 Units | Call For Offers Due August 22
Multi-Family
for Sale
Call for Offers
Catylist Listing ID: | 30812599 |
Property Subtypes: | Duplex/Fourplex |
Number of Units: | 98 Units |
Building Size (RSF): | 1,366 SF |
Gross Building Area: | See Agent |
Sale Price: | $1 |
Unit Price: | $0.01 Per Unit |
Building Name: | Cheslyn Place |
Sale Terms: | Undisclosed, Cash to Seller, Other |
Call for Offers: | Yes |
Cap Rate: | Undisclosed |
Last Updated: | 8/15/2022 |
Overview / Comments
Cheslyn Place is an Upstate rental community currently under construction that features 98 newly constructed units. Each unit is approximately 1,366 square feet and has 3 bedrooms and 2.5 bathrooms. Homes include attached single stall garages, front and back patios, ground floor private entries, high-end finishes, and no neighbors above or below. Located just minutes from Downtown Spartanburg, the property provides convenient access to leading retail centers, a variety of entertainment options, and numerous top employers. The Cheslyn Place rental community provides a premier Upstate location. So far, there has been tremendous renter demand and leasing velocity. To date, the management company has been very active in the pre-leasing of the community, and 90% of the units have been pre-leased. The final residence is projected to deliver in mid 2022. The sought-after combination of new construction, affordability, and prime location clearly differentiates Cheslyn Place from nearby competition. This asset is being developed by Spartanburg-based I & A Properties. |
Attachments & Media
Additional Details
Nearest MSA: | Spartanburg |
County: | Spartanburg |
Tax ID/APN: | 2-42-00-123 |
Percent Occupied: | 90% |
Community Amenities: | Play Ground |
Highway Access: | I-26 |
Area Description: | Located just minutes from Downtown Spartanburg, the property provides convenient access to leading retail centers, a variety of entertainment options, and numerous top employers. The Cheslyn Place rental community provides a premier Upstate location. |
Total Number of Buildings: | 49 |
Property Condition: | Excellent |
Year Built: | 2022 |
Part of Planned Development?: | Yes |
Demographic Statistics
Proximity: | 1 mile | 3 miles | 5 miles |
---|---|---|---|
Total Population: | 9,256 | 52,448 | 104,095 |
Median Age: | 31.54 | 36.59 | 37.26 |
Households: | 3,107 | 20,988 | 41,208 |
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