About Aven Apartments
OM AVAILABLE SOON
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 144-unit, 1979-built Aven Apartments in Durham, NC. The property is ideally located in the heart of Research Triangle Park, home to over 300 companies, such as Apple, Google, and Lenovo, and employs more than 60,000 workers. The Southwest Durham submarket ranks #1 among Triangle submarkets in average occupancy (94.5%) and quarterly rent growth, supported by a population that is 62% college-educated and 72% white-collar. The property sits among the area’s top retail, dining, and entertainment, including Lenovo Center arena and The Streets at Southpoint. Ownership has renovated 126 units with granite countertops, undermount kitchen sink & gooseneck faucet, custom white cabinets, wood-style flooring, modern lighting/plumbing fixtures, vertical brushed nickel pulls, and stainless appliances. By renovating remaining units and increasing rents in line with nearby comparables, incoming investors can increase annual revenue by 22%+.
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