AVEN – 144 UNITS IN DURHAM, N.C.

PRICE:
$ 26,350,000
STATUS:
Sold
ADDRESS:
3207 Stones Throw Ln, Durham, NC 27713, USA
OVERVIEW:

SOLD 12/20/21 FOR $26,350,000
$182,986 per unit

Deaton Investment Real Estate and Cushman Wakefield co-listed this property on behalf of the seller and were the only brokers in this transaction. Aven is a 144-unit, garden-style apartment community located within the Research Triangle Park of Durham, NC. Built in 1979, the property offers a mix of one- and two-bedroom floor plans with amenities that include a community pool, playground area, tennis court and picnic areas. This offering is a great opportunity for a buyer to continue a proven-value add strategy for an asset in a thriving submarket.

Link To Tax Records
UNIT INFORMATION
Unit Type Size Rent
48 UNITS 1BD/1BA 700-745 SF $900-$1,100
96 UNITS 2BD/1.5BA 885-945 SF $1,050-$1,200
PROPERTY INFORMATION
PIN 0737-01-49-5370
Tax Value $10,073,127
Taxes $128,321.56
Lot Size 15.94 ACERS
Year Built 1979
Exterior VINYL, WOOD
Floors CARPET, TILE, LVT
Foundation SLAB
HVAC CENTRAL AIR, HEAT PUMPS
Utilities PAID BY TENANTS
Legal Description PROP-WARD ROBERT E JR
Appliances RANGE, REFRIGERATOR, MICROWAVE, WASHER & DRYER CONNECTION
Sold Date 2021-12-20
Zoning RS-M

Location Map

AVEN – 144 UNITS IN DURHAM, N.C.
Address: 3207 Stones Throw Ln, Durham, NC 27713, USA Price: $ 26,350,000 Unit: