$22,200,000
$1
2219999900.0%For more information regarding the value of a property, please contact us for a free consultation.
1204 Chelsey Lane SC 29349
Key Details
Sold Price $22,200,000
Property Type Commercial
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 31000065
Sold Date 12/19/22
Year Built 2022
Property Sub-Type Multi Family
Property Description
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.
Location
State SC
County Spartanburg
Others
Acceptable Financing Cash, Other, Undisclosed
Listing Terms Cash, Other, Undisclosed
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Bought with Jon-Michael Brock • Lee & Associates - Charleston