A Great Opportunity To Invest in a brand new
Cheslyn Place
projected returns
20% - 24%
Average Annual Returns
7%
Preferred Returns
18%-21%
IRR
About Cheslyn Place
Cheslyn Place is a newly constructed Build-to-Rent community consisting of 49 Duplexes with a one car garage. The construction was completed in July 2022. This property is located in Spartanburg, SC, only 15 minutes to downtown Spartanburg and 35 minutes to downtown Greenville. With easy access to both I-85 and I-26 this location is very desirable for anyone wanting to work and live in the Greenville/Spartanburg Metro.
Spartanburg is a growing community with a small-town Southern charm. It has the benefit of being located in one of the fastest growing counties in the country. According to GoodHire, Spartanburg is among the top 10 places to live and work in the nation and is ranked second for growing job markets. Approximately 15 people per day are moving to the county. Driving this tremendous growth is the large number of companies moving to the county for its competitive location, infrastructure and existing assets.
Offering Summary
$22,200,000
PURCHASE PRICE
$10,400,000
ESTIMATED EQUITY RAISE
$226,531
PRICE PER UNIT
$1,695
CURRENT RENT PER UNIT
$1,995
STABILIZED RENT PER UNIT
2022
CONSTRUCTION YEAR
EXECUTIVE SUMMARY
We are extremely excited to announce our next investment opportunity to close the year with a low-risk asset that provides a 100% bonus depreciation opportunity for our investors. Cheslyn Place is a newly constructed Build-to-Rent community consisting of 49 Duplexes, all 3 beds, and 2.5 baths, with a one-car garage. The construction was completed in July 2022 and the property is already at 99% occupancy.
Why we absolutely LOVE this deal
- Low-risk asset with a brand new build, stabilized, and cash-flowing Day 1.
- Extremely desirable location next to two Interstate Highways and minutes from high-end shopping and activities like TopGolf.
- Easy to commute to multiple cities including Spartanburg downtown, Greenville, Asheville, and Charlotte
- Value add with low Capex investment.
- Debt structure that allows for utmost flexibility for the next 5 years.
- This property is located in Spartanburg, SC, only 15 minutes to downtown Spartanburg and 35 minutes to downtown Greenville.
CHESLYN PLACE AERIAL OVERVIEW
Cheslyn Place is comprised of 98 pristine single-family units. Each unit is approximately 1,366 square feet and has 3 bedrooms and 2.5 bathrooms. The Property also offers tenants amenities such as a children’s playground, outdoor track, dog park, and an outdoor patio area.
- 14 Units At NORTH END
- Covered Outdoor Patio
- 12 Units At SOUTH END
- Children’s Playground
- 36 Units At RIGHT and LEFT SIDE
- Outdoor Walking Track & Dog Park
This Is A 506c Deal For Accredited Investors Only
EXECUTIVE SUMMARY
We are extremely excited to announce our next investment opportunity to close the year with a low-risk asset that provides a 100% bonus depreciation opportunity for our investors. Cheslyn Place is a newly constructed Build-to-Rent community consisting of 49 Duplexes, all 3 beds, and 2.5 baths, with a one-car garage. The construction was completed in July 2022 and the property is already at 99% occupancy.
CHESLYN PLACE AERIAL OVERVIEW
Cheslyn Place is comprised of 98 pristine single-family units. Each unit is approximately 1,366 square feet and has 3 bedrooms and 2.5 bathrooms. The Property also offers tenants amenities such as a children’s playground, outdoor track, dog park, and an outdoor patio area.
14 Units At NORTH END
Covered Outdoor Patio
12 Units At SOUTH END
Children’s Playground
36 Units At RIGHT and LEFT Side
Outdoor Walking Track & Dog Park
Why Invest In Spartanburg, South Carolina?
- Spartanburg is a growing community with a small-town Southern charm.
- It has the benefit of being located in one of the fastest growing counties in the country.
- Spartanburg is among the top 10 places to live and work in the nation and is ranked second for growing job markets.
- Approximately 15 people per day are moving to the county.
- Driving this tremendous growth is the large number of companies moving to the county for its competitive location, infrastructure and existing assets.
reserve a spot in the deal Now
*This opportunity is open to accredited investors only*
EXECUTIVE SUMMARY
About Goldstone
Goldstone Capital Ventures is a private real estate company that seeks to create wealth for its investors through the development or acquisition of high quality assets in strategic locations.
Our professionals possess a diverse range of real estate expertise and have the skills to deliver unsurpassed results to the business client. With Goldstone capital ventures, you can expect passion, professionalism, and a positive contribution to your end goal
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