CHAPEL HILL VILLAS | 48 BEDS IN 12 UNITS AT UNC CHAPEL HILL
SOLD 1/15/2025 FOR $5,400,000
$450,000 per unit or $112,500 per bed
Deaton GREA is pleased to present, as the exclusive listing broker for the seller, a boutique, luxury, student housing asset in the heart of Chapel Hill at the University of North Carolina at Chapel Hill. Chapel Hill Villas is a 12-unit, 48-bedroom portfolio of town home-style duplexes located less than one mile from campus. The property is 100% leased for the 2024-25 school year. The leases are by-the-unit, with an average, in-place rent equal to $905 per bed.
Built in 2013, these craftsman style duplexes feature large floor plans of nearly 1,500 SF. The interiors offer stainless steel appliances, granite counter tops, LVP flooring, and other high-end finishes. Additionally, all units were constructed with Hardi-plank exterior siding, low-e vinyl windows and 30-year architectural shingles.
The University of North Carolina at Chapel Hill is a prestigious public research university renowned for its rich history, academic excellence, and strong sense of community. Located in the Triangle region of North Carolina, UNC Chapel Hill is a power-five university with more than 31,000 students and 12,000 employees. As the nation’s first public university, it has been a cornerstone of higher education since its founding in 1789 and is also well-known for athletic and cultural traditions.
UNIT INFORMATION
| Unit | Type | Size | Rent |
|---|---|---|---|
| 8 UNITS ON COLUMBIA (718-732) | 4 BD/3 BA | 1,493 SF | $3,670 AVG PER UNIT / $917 AVG PER BED |
| 4 UNITS ON LONGVIEW (119-123) | 4 BD/2 BA | 1,492 SF | $3,520 AVG PER UNIT / $880 AVG PER BED |
| 12 UNITS / 48 BEDS | 17,912 SF | $43,439 PER MONTH |
PROPERTY INFORMATION
| PIN | SEE EXHIBIT FOR MULTIPLE PARCELS |
| Tax Value | $5,065,000 ESTIMATED 2025 TAX VALUE |
| Taxes | $83,721 - ESTIMATED 2025 BILL |
| Lot Size | 1.45 COMBINED ACRES |
| Year Built | 2013 |
| Exterior | HARDBOARD |
| Floors | HARDWOOD, LVP, TILE, CARPET |
| Foundation | SLAB |
| HVAC | CENTRAL HEAT AND A/C |
| Utilities | PAID BY TENANT |
| Legal Description | SEE EXHIBIT FOR MULTIPLE PARCELS |
| Appliances | RANGE, REFRIGERATOR, DISHWASHER, MICROWAVE, WASHER/DRYER |
| Sold Date | 2025-01-15 |
| Zoning | R |
Agent Information Thomas T Furlow
Location Map
CHAPEL HILL VILLAS | 48 BEDS IN 12 UNITS AT UNC CHAPEL HILL