About Oak Creek Village
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present Oak Creek Village, a 501-unit 1972-built (substantially renovated in 2007) apartment community in Durham, NC. The property has 648 feet of frontage on U.S. 15-501 (Durham-Chapel Hill Boulevard), the major artery between downtown Durham and Chapel Hill. The nearby I-40 interchange provides further connectivity to Research Triangle Park, Raleigh, and Greensboro. The opportunity offers multiple value-add investment strategies, where NOI growth of varying levels is available depending on the scale of investment. There is a "plug and play" approach where minor capital investment results in 21% NOI growth and a full-scale approach with interior upgrades where 67% NOI growth is available. Investors can benefit from one or a combination of both options.