MARQUIS GARDENS APARTMENTS – 400 UNITS IN DURHAM, NC
Address: |
901 Chalk Level Rd, Durham, NC 27704, USA |
Overview: |
SOLD 3/24/2022 FOR $63,350,000
$158,375 per-unit
Deaton Investment Real Estate represented the buyer and Cushman Wakefield represented the seller in this transaction. Marquis Gardens Apartments is a 400-unit, garden-style apartment community located in Durham, NC. Built in 1972, the property offers a mix of one-, two-, and three-bedroom floor plans with amenities that include a community pool, playground area, dog park, picnic areas, and laundry facilities. This offering is a great opportunity for a buyer to continue a proven value-add strategy for an asset in a thriving submarket.
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