Blue Leaf Apartments feature 32, one-bedroom apartments, located one mile from Duke University and Duke Hospital in Durham, N.C. Originally constructed in 1995, the owner completed a full renovation of 29 units between 2019 and 2020. These renovations boast stainless steel appliances, granite countertops, new plumbing fixtures, new electrical fixtures, updated flooring, and high-end finishes.
The offering presents investors the opportunity to acquire a well-located, stabilized, low-maintenance asset with income growth opportunities. By renovating the three classic units and raising all rents to market, the buyer can capture income upside of more than $20,000 annually.
Blue Leaf provides convenient access to major transportation corridors and multiple retail, entertainment, employment centers, world-renowned Duke University and Duke University Medical Center. The thriving economy of Durham and location appeals to a wide range of residents, contributing to the strong performance of the property and prospects for future income growth.
Video tour of unit B9 – Video tour of unit C17