Monarch

Posted: 2/13/2019
45 Units
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Monarch

About

About Monarch

The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 45-unit, Monarch apartment community located in Durham, NC MSA. Built in 1965, this asset received a recent investment of $382,000 in improvements. The surrounding market indicates that potential investors can take the current mid-tier renovations a step further with the opportunity to boost NOI by over 30% through implementation of a value-add 2.0 program. As Downtown Durham continues to revitalize its infrastructure, this quality, low maintenance asset is primed to capture the incoming workforce spillover as the city continues to attract new and expanding Tech/Life Sciences/Healthcare employers, resulting in an affluent and educated labor pool.