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1700 Chapel Hill Rd
Durham, NC 27707
Viceroy · Multifamily Property For Sale
·
24 Units
PROPERTY FACTS
| No. Units | 24 | Building Size | 21,420 SF |
| Property Type | Multifamily | Average Occupancy | 67% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1971 |
| Building Class | C | Parking Ratio | 1.19/1,000 SF |
| Lot Size | 0.75 AC | Cross Streets | Duke University Rd |
| Zoning | RU-M - Apartment | ||
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.75 AC |
| Building Size | 21,420 SF |
| Average Occupancy | 67% |
| No. Stories | 2 |
| Year Built | 1971 |
| Parking Ratio | 1.19/1,000 SF |
| Cross Streets | Duke University Rd |
| Zoning | RU-M - Apartment |
AMENITIES
UNIT AMENITIES
- Cable Ready
- Dishwasher
- Heating
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Tub/Shower
- Carpet
- Freezer
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Courtyard
- Laundry Facilities
- Maintenance on site
ABOUT 1700 CHAPEL HILL RD , DURHAM, NC 27707
Marcus & Millichap, as the exclusive advisor to the seller, is pleased to present the opportunity to acquire the Viceroy Apartments, a 24-unit apartment property located in Durham, NC. The Viceroy Apartments consist of twenty-four (24) +/- 840 sqft two-bedroom, onebathroom units spread across two three-story buildings built in 1971 and situated on +/- 0.75 acres in one of the country’s most prominent, high-tech research and development regions. Amenities include 24-hour emergency maintenance, accent wall color preference, carpeting, hardwood flooring, ceiling fans, and dishwashers in select units. The property offers easy access to Duke University, the Duke Medical Center, the Veterans Administration Hospital, and downtown Durham. Given the excellent submarket fundamentals and the quality of the asset, the Viceroy Apartments represent a strong long term investment opportunity. The Viceroy Apartments can be accessed by I-85, I-40, NC147 and US 70 West, the main thoroughfares connecting Durham to the Triangle Region. This property’s prime location enjoys the benefits of an array of recreational activities, outdoor attractions, savory restaurants and a prosperous growing community. Duke University, with approximately 16,000 enrolled students, is located 0.7 miles from the subject property. The Durham economy is majorly supported by Duke University and Health Systems with nearly 35,000 employees. Other employers in Durham include IBM, Durham Public Schools, GlaxoSmithKline, Blue Cross Blue Shield of NC, Durham City Government, Fidelity Investments, Research Triangle Institute, Veteran Affairs Medical Center and US Environmental Protection Agency.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 24 | - | 840 |
PROPERTY TAXES
| Parcel Number | 108522 | Improvements Assessment | $1,810,387 |
| Land Assessment | $1,680,000 | Total Assessment | $3,490,387 |
PROPERTY TAXES
