$14,500,000 | N/A beds | N/A full baths | N/A half baths | N/A sqft

$14,500,000 Reduced -$1,000,000
Gibbs Rd
Wellford, SC 29385
  • N/APrice per SqFt
  • N/ASqFt
  • 108Days on Market
  • N/AZoning
  • N/AYear Built
  • Multi-FamilyUse
  • 5-08-00-013.02Tax ID
  • MLS# 30813340
  • Commercial Sales
  • Multi-Family
  • Active

  • Approx Time on Market3 months, 16 days
  • AreaN/A
  • CountySpartanburg
  • SubdivisionN/A

Overview

Gibbs Farm is a Build to Rent (BTR) Upstate community comprised of 64 units. Each unit is approximately 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. The property lies within Spartanburg County School district #5 which features its own transportation department to serve its students and staff.To date, the management company has been active in the leasing of the community, and 80% of the units have been leased and occupied. The sought-after combination of new construction, affordability, and prime location clearly differentiates Gibbs Farm from nearby competition. This asset was developed by Spartanburg-based Homepire Builders, LLC.


Building Info

Year Built Date:  2,022

Financial

Sale Terms:  Undisclosed, Cash to Seller, Other

Sale Price Max Total:  $14,500,000

Sale Price Min Total:  $14,500,000

Lot Info

Acres:  24.96

Landsize Units:  SF

Misc

Property Info

Msa:  Spartanburg

Title:  Gibbs Farm 64 Units

County:  Spartanburg

Property Subtype:  Duplex/Fourplex

Sale / Lease Info

Sqft Info

Size Rentable Sf:  1,528

Tax Info

Courtesy of listing office Lee & Associates - Charleston 

Mortgage Calculator

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Price & Status History (on robertsonhowland.com since Mon, Aug 15th 2022)
  • Original Price: $15,500,000
  • Current Price: $14,500,000
  • Price Reduced: $1,000,000
Date ChangedFromTo
11/16/2022$15,500,000 $14,500,000 Reduced by $1,000,000
Residential, Land, Other Disclaimer:

Broker Reciprocity 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 Robertson Howland Properties 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 12-01-2022 12:06 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. Copyright 2022 Charleston Trident Multiple Listing Service, Inc. All rights reserved.
Commercial Sale/Lease: Copyright 2022 South Carolina commercial MLS, Inc. All rights reserved. Last updated on 12-01-2022 12:06 PM EST est.

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