MLS# 31001106 | 705-770 Jessica Miley Lane Spartanburg SC | subdivision
843-225-7007
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Spartanburg, SC 29385
- $139.89Price per SqFt
- 139,400SqFt
- 336Days 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), 26 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
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