BIRCHWOOD APARTMENTS – 24 UNITS IN DURHAM, NC
PRICE:
$
2,165,000
STATUS:
Sold
ADDRESS:
2916 Chapel Hill Rd, Durham, NC 27707, USA
OVERVIEW:
SOLD 9/17/20 FOR $2,165,000
Deaton represented the buyer in this off-market transaction. The seller was represented by MYND Management.
The Birchwood Apartments are located approximately two miles south of Duke University and three miles southwest of Downtown Durham. The property features 24, spacious one-bedroom apartments. Built in 1990 the property consists of two, three-story buildings around a central courtyard. The property is well-maintained, but presents an opportunity to raise rents with strategic improvements.
UNIT INFORMATION
| Unit | Type | Size | Rent |
|---|---|---|---|
| 24 UNITS | 1 BD/1 BA | 725 SF APPROX. | $775 CURRENT AVG |
PROPERTY INFORMATION
| PIN | 0810-08-88-0324 & 0810-08-78-9297 |
| Tax Value | $1,515,988 |
| Taxes | $18,857.36 |
| Lot Size | 1.054 ACRES |
| Year Built | 1990 |
| Exterior | WOOD |
| Floors | CARPET, VINYL |
| Foundation | SLAB |
| HVAC | CENTRAL AIR, HEAT PUMPS |
| Utilities | PAID BY TENANTS |
| Legal Description | PROP-COLE JOHN W & COLE M ARY A EST/LT#01 N 80FT & S79.5 |
| Appliances | RANGE, REFRIGERATOR, DISHWASHER, WASHER & DRYER |
| Sold Date | 2020-09-17 |
| Zoning | RU-M |
Agent Information Thomas T Furlow
Location Map
BIRCHWOOD APARTMENTS – 24 UNITS IN DURHAM, NC
Address:
2916 Chapel Hill Rd, Durham, NC 27707, USA
Price: $
2,165,000
Unit: