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.

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

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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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