86 North

Posted: 2/7/2019
144 Units
Want to add this to My Listings (or tell us why you're not interested)?
Log In or Register ...

Photos

Under Contract
Slideshow Image
86 North
Under Contract
Slideshow Image
86 North
Under Contract
Slideshow Image
86 North
Under Contract
Slideshow Image
86 North
Under Contract
Slideshow Image
86 North
Under Contract
Slideshow Image
86 North
Under Contract
Slideshow Image
86 North
Under Contract
Slideshow Image
86 North
Under Contract
Slideshow Image
86 North
Under Contract
Slideshow Image
86 North
Under Contract
Slideshow Image
86 North
Under Contract
Slideshow Image
86 North
Under Contract
Slideshow Image
86 North
Under Contract
Slideshow Image
86 North

About

About 86 North

The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 144-unit, 86 North apartment community located in Chapel Hill, NC. Built in 1985, the property offers an outstanding opportunity to invest in a solid performing asset within the economic powerhouse of the Triangle MSA, strategically located in a highly educated, affluent submarket with an average HHI of +$112,000 in a 1-mile radius. Average rents at 86 North are approximately $480 lower than its immediate Class A competition and trails submarket comparable properties by $170, providing incoming ownership with a market-driven, value-add landscape to bring competitive rents to the market while capturing half of the rent ceiling. In addition, current ownership has paved the path to a feasible value-add program by renovating 4 trial units which are already receiving $145 premiums over standard units.

Documents