About Azalea Park
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 107-unit, Azalea Park apartment community located in Durham, NC. Built in 1973 and revamped in 2006, this asset is strategically located near Interstate 85, with easy access to nearby top employers and a vast selection of retail and entertainment options. The property has received over $1M in capital improvements since 2017 and incoming investors can capitalize on Azalea Park’s value-add potential as submarket rents continue to rise in response to Durham and the NC Triangle’s strong economic growth. As Downtown Durham continues to revitalize its infrastructure, this quality 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.