24 UNITS IN DURHAM

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

UnitTypeSizeRent
24 UNITS1 BD/1 BA725 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 Owner Financing NONE
Utilities PAID BY TENANTS Appliances RANGE, REFRIGERATOR, DISHWASHER, WASHER & DRYER
Legal Description PROP-COLE JOHN W & COLE M ARY A EST/LT#01 N 80FT & S79.5 Zoning RU-M
Sold Date 09/17/2020