THE VILLAGES OF CHAPEL HILL – 307 UNITS IN CARRBORO

PRICE:
$ 34,500,000
STATUS:
Sold
ADDRESS:
500 Smith Level Rd, Carrboro, NC 27510, USA
OVERVIEW:

SOLD 5/17/19 FOR $34,500,000

Located two miles from the University of North Carolina at Chapel Hill, The Villages of Chapel Hill feature an attractive mix of 1, 2 and 3-bedroom floor plans. The property was built in phases between the 1970s and 1980s with an average year built of 1974. Ownership completed a value-add, interior upgrade program between 2015 and 2018. The property is positioned to capture additional income upside through operational improvements and additional interior upgrades. Five units were off-line at the time of the sale.

Deaton Investment Real Estate represented the seller and was the sole broker in this off-market transaction.

Link To Tax Records
UNIT INFORMATION
Unit Type Size Rent
307 UNITS 1, 2 & 3 BEDROOM 575 SF - 1,250 SF $775 - $1,425
PROPERTY INFORMATION
PIN 9778505273
Tax Value $23,206,200
Taxes $427,086
Lot Size 19.48 ACRES
Year Built 1974
Exterior WOOD, HARDBOARD
Floors CARPET, VINYL, LVP
Foundation CRAWL, SLAB
HVAC CENTRAL AIR, HEAT PUMPS
Utilities OWNER PAYS WATER
Legal Description W/S 1919
Appliances RANGE, REFRIGERATOR, DISHWASHER, WASHER/DRYER CONNECTIONS
Sold Date 2019-05-17
Zoning SEE COUNTY

Location Map

THE VILLAGES OF CHAPEL HILL – 307 UNITS IN CARRBORO
Address: 500 Smith Level Rd, Carrboro, NC 27510, USA Price: $ 34,500,000 Unit: 307