TRIANGLE PARK APARTMENTS – 120 UNITS IN DURHAM

Price:

$11,500,000

Status:

Sold

Address:

5011 S Alston Ave, Durham, NC 27713, USA

Overview:

SOLD 3/8/18 FOR $11,500,000

Triangle Park Apartments are a wonderfully maintained multi-family asset, conveniently located next to Research Triangle Park in Durham, NC. Built in 1986, the property offers great amenities and an attractive mix of one-, two- and three-bedroom apartments.

Deaton sourced this opportunity and represented the buyer in this off-market transaction.

Unit Information

UnitTypeSizeRent
48 UNITS1 BD/1 BA670 SF AVG$775 AVG
64 UNITS2 BD/1 BA830 SF AVG$875 AVG
8 UNITS3 BD/2 BA1,010 SF AVG$975 AVG

Property Information

PIN 0737-01-39-9625 Tax Value $5,403,578
Taxes $72,759.17 Lot Size 11.507 ACRES
Year Built 1986 Exterior BRICK, HARDBOARD
Floors CARPET, VINYL, LVT, TILE Foundation SLAB
HVAC CENTRAL AIR Owner Financing N/A
Utilities INDIVIDUALLY METERED Appliances RANGE, REFRIGERATOR, DISHWASHER, W/D CONNECTIONS
Legal Description PROP-FLORIDA RIDGE LTD/CA RVERS CURVE Zoning RU-M
Sold Date 03/08/2018