801 East Blvd 40 Unit Apartment Building $2,903,514 CAD ($72,588 CAD/Unit) 2.09% Cap Rate Chesterfield, SC 29709

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.