WEST END PORTFOLIO – 103 UNITS IN DURHAM, NC

PRICE:
$ 11,400,000
STATUS:
Sold
ADDRESS:
2003 House Ave, Durham, NC 27707, USA
OVERVIEW:

SOLD 11/30/23 FOR $11,400,000

Deaton Investment Real Estate represented the buyer and the seller was represented by Northmarq in this transaction. The West End Portfolio is comprised of adjacent assets totaling 103 units in the Lakewood area of Durham, NC. Located two miles from Downtown Durham and only one mile from Duke University and Duke Medical Center, the assets offer residents convenient access to multiple retail, dining, entertainment and employment centers.

The Landings at West End are 55 units, built in 1964 and The Edge at West End are 48 units, built in 1969. Both properties offer an attractive basis to implement a renovation and operational value-add strategy.

 

Link To Tax Records
UNIT INFORMATION
Unit Type Size Rent
LANDINGS - 5 UNITS STUDIO 500 SF APPROX. $790 AVG
LANDINGS - 20 UNITS 3 BD/2 BA 1000 SF APPROX. $1,100 AVG
LANDINGS - 30 UNITS 2 BD/2 BA 950 SF APPROX. $1,150 AVG
EDGE - 4 UNITS 1 BD/1 BA 850 SF APPROX. $990 AVG
EDGE - 44 UNITS 2 BD/1 BA 950 SF APPROX. $1,075 AVG
PROPERTY INFORMATION
PIN 082109156626, 082109158578, 0821251364
Tax Value $9,223,936
Taxes $120,824
Lot Size 4.64 ACRES
Year Built 1964 & 1969
Exterior BRICK
Floors CARPET, VINYL, LVT
Foundation CRAWL, SLAB
HVAC CENTRAL AIR, HEAT PUMPS
Utilities OWNER PAYS WATER, DUMPSTER AND AREA LIGHTS
Legal Description SOUTHEAST PROPERTIES I/ LT#01 AND #02
Appliances RANGE, REFRIGERATOR
Sold Date 2023-11-30
Zoning RU-M

Location Map

WEST END PORTFOLIO – 103 UNITS IN DURHAM, NC
Address: 2003 House Ave, Durham, NC 27707, USA Price: $ 11,400,000 Unit: 103