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801 East Blvd 40 Unit Apartment Building $2,080,000 ($52,000/Unit) 2.09% Cap Rate Chesterfield, SC 29709

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EXECUTIVE SUMMARY

Situated on approximately 4.30 acres, Chesterfield Apartments is a multifamily rental community with financing through the Rural Development 515 Loan Program. The community is composed of 1 office building; 5 two- story buildings with 8 one–bedroom and 16 two-bedroom apartment homes. Based on funding availability, USDA may provide funding to make this purchase possible. Funding may include 100% rental assistance and interest credit assistance that reduces the loan note interest rate to one-percent. The property is undergoing the RD 515 loan prepayment process. This property is being marketed to non profits and housing authorities only. For profit entities are not permitted to purchase under prepayment rules. This institution is an equal opportunity provider. Equal Housing Opportunity.

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PROPERTY FACTS

Price $2,080,000
Price Per Unit $52,000
Sale Type Investment
Cap Rate 2.09%
No. Units 40
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Lot Size 4.30 AC
Building Size 26,400 SF
No. Stories 2
Year Built 1982
Parking Ratio 3.11/1,000 SF

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
190-006-007-008
Land Assessment
$2,580
Improvements Assessment
$55,440
Total Assessment
$58,020
  • Listing ID: 37786080

  • Date on Market: 9/23/2025

  • Last Updated:

  • Address: 801 East Blvd, Chesterfield, SC 29709

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