THE VILLAGES OF CHAPEL HILL – 307 UNITS IN CARRBORO
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.
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