CHAPEL VIEW – 224 UNITS IN CHAPEL HILL
Address: |
2701 Homestead Rd, Chapel Hill, NC 27516, USA |
Overview: |
Sold 12/30/19 for $26,000,000
Deaton Investment Real Estate represented the buyer in this off-market transaction.
The Chapel View Apartments offer a mix of one- and two-bedroom units approximately three miles north of Franklin Street and the University of North Carolina at Chapel Hill. Built in 1986, the property has historically operated as a student property with by-the-bed leasing. New ownership can grow revenue and add value with strategic improvements and by transitioning leasing to a more traditional model.
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