Bellevue Mill

Posted: 7/13/2020
112 Units
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Bellevue Mill
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Bellevue Mill
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Bellevue Mill
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Bellevue Mill
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Bellevue Mill
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Bellevue Mill
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Bellevue Mill
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Bellevue Mill
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Bellevue Mill
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Bellevue Mill
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Bellevue Mill
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Bellevue Mill
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Bellevue Mill
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Bellevue Mill
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Bellevue Mill
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Bellevue Mill
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Bellevue Mill
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Bellevue Mill

About

About Bellevue Mill

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 112-unit Bellevue Mill Apartments located in Hillsborough, NC. The asset offers a unique opportunity to acquire the Managing Membership interest in a recently restored cotton mill apartment community completed through Historic Tax Credits. Listed on the National Register of Historic Places, Bellevue Mill is strategically located in a highly educated and high income market within the Triangle MSA. With $18.5M completed in construction and renovation costs, new ownership will be able to capitalize on a solid foundation established through a successful lease up in a supply constrained market with high barriers to entry. With an exceptional location and positive supply-demand dynamics in the Hillsborough/Chapel Hill multifamily market, Bellevue Mill is an attractive investment opportunity that will continue to enjoy organic rent growth as market fundamentals normalize.