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 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.
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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 | Owner Financing | NONE |
| Utilities | TENANTS PAY UTILITIES | Appliances | RANGE, REFRIGERATOR, DISHWASHER, W/D CONNECTIONS |
| Legal Description | S/S INT HWY 86 & SR 1777 | ||
| Sold Date | 06/27/2023 |
