Spartanburg, SC 29385
- $139.89Price per SqFt
- 139,400SqFt
- 322Days on Market
- N/AZoning
- 2022Year Built
- Multi FamilyUse
- MLS# 31001106
- Commercial Sales
- Multi Family
- Sold
- Approx Time on Market6 months, 5 days
- AreaOut of Area
- CountySpartanburg
- SubdivisionN/A
Overview
The Gibbs Farm/Broken Chimney Portfolio is a Build to Rent (BTR) Upstate community comprised of 94 units. Each unit is approximately 1,404-1,520 square feet and features 3 bedrooms and 2 bathrooms. Homes include attached single-stall garages, covered front porches, back patios, ground floor private entries, modern finishes, and expansive backyards for a product of this offering. Located between Spartanburg and Greenville, this property provides convenient access to leading retail centers, a variety of entertainment options, and numerous top employers. To date, the management company has been active in the leasing of the community, and 100% of the units at Gibbs Farm have been leased and occupied. Construction at Broken Chimney is expected to be 100% occupied by the end of June 2023. The sought-after combination of new construction, affordability, and prime location clearly differentiates this BTR portfolio from nearby competition.
Sale Info
Listing Date: 06-08-2023
Sold Date: 12-14-2023
Aprox Days on Market:
6 month(s), 5 day(s)
Listing Sold:
4 month(s), 11 day(s) ago
Asking Price: $22,500,000
Selling Price: $19,500,000
Price Difference:
Same as list price
Building Info
Anchored: No
Year Built: 2022
Financial
Garage / Parking
Lot Info
County: Spartanburg
Land Size: 36.57
Misc
Title: Gibbs Farm/Broken Chimney BTR Portfolio
Offer Compensation
Property Info
Second Property Subtype: Multi Family
Nearest Msa: Spartanburg, SC
Property Type: A
Original Price: $22,500,000
Build To Suit: No
Property Use Type: Multi-Family
Class Type: Multi Family
Sold Info
Sold Date: 2023-12-14T00:00:00
Sqft Info
Rentable Area: 139400
Unit Info
Utilities / Hvac
Directions
Situated North of Downtown Spartanburg. The sites are ideally located to capitalize on what the region has to offer. The properties are positioned just a few miles from both I-85, and I-26. This excellent geographic location offers easy access to Downtown Spartanburg, Greenville-Spartanburg International Airport, SC Inland Port-Greer and the University of South Carolina Upstate.Courtesy of listing office Lee & Associates - Charleston
The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Charleston Trident Multiple Listing Service. Real estate listings held by brokerage firms other than Welcome Home Realty are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Last updated on 04-25-2024 6:32 PM EST .
The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
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