CHATEAU APARTMENTS – 168 UNITS IN CARRBORO, N.C.

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.

Link To Tax Records
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

Location Map

CHATEAU APARTMENTS – 168 UNITS IN CARRBORO, N.C.
Address: 201 NC-54, Carrboro, NC 27510, USA Price: $ 18,715,000 Unit: