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 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. |
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 | Owner Financing | NONE |
| Utilities | OWNER PAYS WATER, SEWER, TRASH | Appliances | RANGE, REFRIGERATOR, MICROWAVE, DISHWASHER, WASHER & DRYER CONNECT (VARIES BY UNIT) |
| Legal Description | PROP-UNIVERSITY ASSOCIATE S | Zoning | RU-M |
| Sold Date | 12/22/2021 |
