Huntington

About Huntington

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 212-unit, 1986-built Huntington Apartments in Morrisville, NC. The property is located in an affluent pocket of the Raleigh-Durham MSA, boasting median household income levels of over $100,000 and home values of $357,000, and is conveniently situated amongst the area’s top employment and retail nodes. The Morrisville submarket has seen 152% population growth over the past twenty years priming the area for projected 12% rent growth through 2023. New ownership has the opportunity to increase annual revenue by $496K through a comprehensive value-add program that will boost NOI 33%.