CHAPEL VIEW- 224 UNITS IN CHAPEL HILL, NC

PRICE:
$ 39,800,000
STATUS:
Sold
ADDRESS:
2701 Homestead Rd, Chapel Hill, NC 27516, USA
OVERVIEW:

SOLD 6/27/2023 FOR $39,800,000
$177,678 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. Chapel View is a 224-unit, garden-style apartment community approximately three miles north of Franklin Street and the University of North Carolina at Chapel Hill. Built in 1986, 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 in a well insulated submarket.

 

 

Link To Tax Records
UNIT INFORMATION
Unit Type Size Rent
90 UNITS 1BD/1BA 725 SF AVG. $1,183 - $1,702
134 UNITS 2BD/1BA 920 SF AVG. $1,325 - $1,871
PROPERTY INFORMATION
PIN 9880200342
Tax Value $23,808,600
Taxes $410,398.71
Lot Size 18.61 ACRES
Year Built 1986
Exterior BRICK, HARDBOARD
Floors CARPET, VINYL, TILE, LVT
Foundation CRAWL, SLAB
HVAC CENTRAL AIR
Utilities TENANTS PAY UTILITIES
Legal Description S/S INT HWY 86 & SR 1777
Appliances RANGE, REFRIGERATOR, DISHWASHER, W/D CONNECTIONS
Sold Date 2023-06-27

Location Map

CHAPEL VIEW- 224 UNITS IN CHAPEL HILL, NC
Address: 2701 Homestead Rd, Chapel Hill, NC 27516, USA Price: $ 39,800,000 Unit: 224