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.
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 |
Agent Information Michael Deaton
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