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408 Hillsborough St
Chapel Hill, NC 27514
100% Occupied MF | Near UNC Campus · Multifamily Property For Sale
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16 Units
Investment Highlights
- 16-unit upscale student housing investment within walking distance of top-tier UNC-Chapel Hill campus and Franklin Street, a popular destination.
- With over 55% of the population relying on rental properties as their primary residences, future owners have access to vast potential tenant pool.
- 408 Hillsborough St is near national retailers and attractions, including Target, Chipotle, Marriot, the Morehead Planetarium, and so much more.
- Recently extensively renovated multi-family investment in prime location near the campus and an affluent residential demographic.
- Located in a growing and affluent area – over 75,000 residents live within a three-mile radius and earn an average household income of over $105,000.
Property Facts
| Sale Condition | Auction Sale | Lot Size | 1.40 AC |
| Type of Ownership | Fee Simple | Building Size | 9,976 SF |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1965/2021 |
| Property Subtype | Apartment | Parking Ratio | 2/1,000 SF |
| Apartment Style | Low-Rise | Parcel Number | 9788499449 |
| Building Class | C | ||
| Zoning | R-2 - Residential | ||
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.40 AC |
| Building Size | 9,976 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1965/2021 |
| Parking Ratio | 2/1,000 SF |
| Zoning | R-2 - Residential |
| Parcel Number | 9788499449 |
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