THE RAMS HORN – 88 BEDS, 16 UNITS AT UNC CHAPEL HILL

PRICE:
$ 6,500,000
STATUS:
Off Market
ADDRESS:
201 Howell St, Chapel Hill, NC 27514, USA
OVERVIEW:

Deaton and GREA are pleased to present the exclusive offering of The Ram’s Horn Apartments. This 88-bedroom, 16-unit, student-housing community is located approximately .4 miles from the University of North Carolina at Chapel Hill. UNC is a nationally recognized, Power-5 institution, with an enrollment of more than 30,000 students.

Originally built in 1967, the property was renovated in 2009 and consists of four-bedroom and rare, legal six-bedroom floorplans. Some units are furnished and each bedroom is allocated an on-site parking space. The large units are complimented by community amenities that include bike racks, an outdoor grilling area, multiple picnic areas, hammock stations, and a sand volleyball court.

Ram’s Horn Apartments offer opportunities to add value through interior upgrades, exterior amenity additions, and operational improvements. The property can be purchased free and clear or through a loan assumption process.

Link To Tax Records
UNIT INFORMATION
Unit Type Size Rent
4 UNITS 4 BD/3 BATH 1,525 SF $700 MARKET PER BED
12 UNITS 6 BD/3 BATH 1,940 SF $650 MARKET PER BED
PROPERTY INFORMATION
PIN 9788402618 & 9788308690
Tax Value $4,966,700
Taxes $86,788
Lot Size 3.88 ACRES
Year Built 1967 (RENOVATED 2009)
Exterior BRICK, HARDBOARD
Floors LVP, CARPET
Foundation SLAB
HVAC CENTRAL AIR, HEAT PUMPS
Utilities OWNER PAYS INTERNET/CABLE, WATER AND HOT WATER
Legal Description 1 & 2 HOWELL STREET APARTMENTS LLC P114/156
Appliances RANGE, REFRIGERATOR, WASHER AND DRYER
Zoning R-4

Location Map

THE RAMS HORN – 88 BEDS, 16 UNITS AT UNC CHAPEL HILL
Address: 201 Howell St, Chapel Hill, NC 27514, USA Price: $ 6,500,000 Unit: 16