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.

Unit Information

UnitTypeSizeRent
48 UNITS 1BD/1BA700-745 SF$900-$1,100
96 UNITS2BD/1.5BA885-945 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 Owner Financing NONE
Utilities PAID BY TENANTS Appliances RANGE, REFRIGERATOR, MICROWAVE, WASHER & DRYER CONNECTION
Legal Description PROP-WARD ROBERT E JR Zoning RS-M
Sold Date 12/20/2021