This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
201 Howell St
Chapel Hill, NC 27514
The Ramsey · Multifamily Property For Sale
·
16 Units
INVESTMENT HIGHLIGHTS
- Convenient access to the Triangle and Research Triangle Park - High growth markets
- Rare opportunity for new investor to add to existing portfolio
- Existing rent growth opportunity with rents substantially below market
- Prestigious Chapel Hill market with high barriers to entry
- Opportunity for value-add improvements - Increase (per bed) rental rates
- Opportunity for reduction to maintenance/management expenses
PROPERTY FACTS
| No. Units | 16 | Building Size | 28,040 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built/Renovated | 1967/2009 |
| Building Class | C | Parking Ratio | 2.64/1,000 SF |
| Lot Size | 3.88 AC | ||
| Zoning | R-4 | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 3.88 AC |
| Building Size | 28,040 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1967/2009 |
| Parking Ratio | 2.64/1,000 SF |
| Zoning | R-4 |
AMENITIES
UNIT AMENITIES
- Microwave
- Washer/Dryer
- Heating
- Refrigerator
- Oven
SITE AMENITIES
- Courtyard
- Picnic Area
- Tenant Controlled HVAC
- Volleyball Court
- Bicycle Storage
ABOUT 201 HOWELL ST , CHAPEL HILL, NC 27514
16-unit, 88-bedroom property that offers a unique investment opportunity in the prestigious college town of Chapel Hill, North Carolina. The two-story brick buildings lay nestled less than one-half mile from the University of North Carolina at Chapel Hill’s southern campus. The beautiful living spaces range from four to six bedrooms with three baths, tile kitchen and bathrooms, spacious hard wood living areas and carpeted bedrooms. The Property provides access to 74 parking spaces, a sand volleyball court, sheltered bike storage, additional off-road parking and sheltered recycling and trash bin.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 4+2 | 8 | - | 1,240 |
| 6+3 | 8 | - | 1,940 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $3,723,700 | |
| Land Assessment | $3,263,700 | Total Assessment | $6,987,400 |
PROPERTY TAXES
