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About
About Collins Crossing
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 270-unit Collins Crossing apartment community located in Carrboro, NC. Built in 1971/1985, this asset sits in the desirable Chapel Hill/Carrboro submarket, which is highlighted by a population that is 79% white collar and 74% college educated, stable occupancy and rising rents. Located just minutes from Chapel Hill’s largest employer, UNC Chapel Hill, the property is ideally located to capitalize on continued growth in the market. The property’s proximity to major retail surrounding downtown Chapel Hill, large employers continuing to expand in the Triangle, and streamlined access to major highways, Collins Crossing benefits from excellent market dynamics. By renovating units to a high-end finish level in line with nearby comps, incoming investors can increase annual revenue by $325K+. Collins Crossing also offers an assumable Fannie Mae loan with an attractive 3.65% interest rate.
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