CHATEAU APARTMENTS – 168 UNITS IN CARRBORO, NC
PRICE:
$
18,715,000
STATUS:
Sold
ADDRESS:
201 NC-54, Carrboro, NC 27510, USA
OVERVIEW:
SOLD 4/9/21 FOR $18,715,000
$111,398 per unit
Deaton Investment Real Estate represented the buyer and was the sole broker in this off-market transaction.
Built in 1969, Chateau Apartments, are located three miles west of downtown Chapel Hill and the University of North Carolina at Chapel Hill (UNC). Spread over more than 15 acres, the property features all one-bedroom units, a leasing office, laundry building and a swimming pool. Owned and operated by the original developer’s family, the property is in excellent condition, but offers the opportunity to raise rents through strategic improvements.
UNIT INFORMATION
| Unit | Type | Size | Rent |
|---|---|---|---|
| 168 UNITS | 1 BD/ 1 BA | 800 SF | $800 AVG. |
PROPERTY INFORMATION
| PIN | 9778370093 |
| Tax Value | $14,167,400 |
| Taxes | TBD in 2021 |
| Lot Size | 15.45 ACRES |
| Year Built | 1969 |
| Exterior | BRICK, HARDBOARD |
| Floors | CARPET, VINYL, TILE |
| Foundation | SLAB |
| HVAC | CENTRAL A/C, HEAT PUMP |
| Utilities | OWNER PAYS WATER AND TRASH |
| Legal Description | E/S HWY 54 (CHATEAU APTS) P61/158 |
| Appliances | RANGE, REFRIGERATOR, DISHWASHER, MICROWAVE |
| Sold Date | 2021-04-09 |
| Zoning | MULTIFAMILY |
Agent Information Michael Deaton
Location Map
CHATEAU APARTMENTS – 168 UNITS IN CARRBORO, NC
Address:
201 NC-54, Carrboro, NC 27510, USA
Price: $
18,715,000
Unit:
168