Deaton Real Estate Investment recently sold “Chapel View” – a 224-units apartment complex located in Chapel Hill, NC.
| PRICE: $39,800,000 |
| STATUS: Sold |
| ADDRESS: 2701 Homestead Rd, Chapel Hill, NC 27516 |
| OVERVIEW: | SOLD 6/27/2023 FOR $39,800,000 $177,678 per unit Deaton Investment Real Estate and Cushman & Wakefield co-listed this property on behalf of the seller and were the only brokers in this transaction. Chapel View is a 224-unit, garden-style apartment community approximately three miles north of Franklin Street and the University of North Carolina at Chapel Hill. Built in 1986, the property offers a mix of one- and two-bedroom floor plans with amenities that include a community pool, playground area, tennis court and picnic areas. This offering is a great opportunity for a buyer to continue a proven-value add strategy in a well insulated submarket. |
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