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.
City Name | Inman |
County | Spartanburg |
State | SC |
Property Type | Multi-Family |
Postal Code | 29349 |
Date Modified | 2022-09-19T07:31:22 |
Property Status | Existing |
Status | Active |
Title | Cheslyn Place 98 Units | Call For Offers Due August 22 |
Listed by: Lee & Associates - Charleston | 843-747-1200
Our investment team does ongoing market research and site analysis to determine the best locations geared towards our investment strategy.
We perform site inspections and consult with general contractors and architects to identify property improvement opportunities and cost estimates.
We do extensive property analysis including underwriting property historical cash flow, three tiered income modeling, future cash flow projections and IRR and cash on cash return profitability models.
Our team underwrites the current tenants and reviews all current lease agreements to determine an appropriate credit grade of the property and identify opportunities for improvement.