UNIVERSITY APARTMENTS – 359 UNITS IN DURHAM, NC

PRICE:
$ 53,850,000
STATUS:
Sold
ADDRESS:
1500 Duke University Rd, Durham, NC 27701, USA
OVERVIEW:

SOLD 12/22/21 FOR $53,850,000
$150,000 per unit

Deaton Investment Real Estate represented the seller and was the sole broker in this off-market transaction. University Apartments are located within walking distance of Duke University and Downtown Durham, N.C. The portfolio features a beautiful, three-story building of 1938 vintage, along with two-story, garden-style apartments built in the 1971.

Link To Tax Records
UNIT INFORMATION
Unit Type Size Rent
265 UNITS 1BD/1BA 400 SF - 655 SF $1,300-$1,600
94 UNITS 2BD/1BA 760 SF - 1,200 SF $1,550-$1,900
PROPERTY INFORMATION
PIN 0821-06-37-0920
Tax Value $7,969,212
Taxes $101,519.79
Lot Size 4.238 ACERS
Year Built 1938, 1971
Exterior BRICK
Floors HARDWOOD, CARPET, VINYL
Foundation SLAB, CRAWL
HVAC CENTRAL, MINI-SPLIT
Utilities OWNER PAYS WATER, SEWER, TRASH
Legal Description PROP-UNIVERSITY ASSOCIATE S
Appliances RANGE, REFRIGERATOR, MICROWAVE, DISHWASHER, WASHER & DRYER CONNECT (VARIES BY UNIT)
Sold Date 2021-12-22
Zoning RU-M

Location Map

UNIVERSITY APARTMENTS – 359 UNITS IN DURHAM, NC
Address: 1500 Duke University Rd, Durham, NC 27701, USA Price: $ 53,850,000 Unit: 359