CHAPEL HILL VILLAS
CHAPEL HILL, NC
PROPERTY OVERVIEW
SUMMARY
- ADDRESS 718-732 N. Columbia and 119-123 E. Longview Street, Chapel Hill, NC
- YEAR BUILT 2013
- # OF DUPLEXES/UNITS 6/12
- # OF BEDS 48
- OCCUPANCY 100%
- TOTAL SF 17,912 SF
- ACRES 1.45 combined acres
- PARKING 30 spaces and street parking on Longview Street
- FOUNDATION Slab
- ROOF 30-year shingles
- EXTERIOR HardiPlank
- FLOORS Hardwood, LVP, Tile, Carpet
- PORCHES Front and/or back purch on all units
- APPLIANCES Range, Refrigerator, Dishwasher, Microwave, Washer and Dryer
- PLUMBING Pex water piping
- HVAC Central heat and air conditioning
- WIRING Copper
- UTILITIES Paid by Tenant
Convenient to UNC Campus
Deaton GREA is pleased to present, as the exclusive listing broker for the seller, a boutique, luxury, student housing asset in the heart of Chapel Hill at the University of North Carolina at Chapel Hill. Chapel Hill Villas is a 12-unit, 48-bedroom portfolio of town home-style duplexes located less than one mile from campus. The property is 100% leased for the 2024-25 school year. The leases are by-the-unit, with an average, in-place rent equal to $905 per bed.
Built in 2013, these craftsman style duplexes feature large floor plans of nearly 1,500 SF. The interiors offer stainless steel appliances, granite counter tops, LVP flooring, and other high-end finishes. Additionally, all units were constructed with Hardi-plank exterior siding, low-e vinyl windows and 30-year architectural shingles.
The University of North Carolina at Chapel Hill is a prestigious public research university renowned for its rich history, academic excellence, and strong sense of community. Located in the Triangle region of North Carolina, UNC Chapel Hill is a power-five university with more than 31,000 students and 12,000 employees. As the nation's first public university, it has been a cornerstone of higher education since its founding in 1789 and is also well-known for athletic and cultural traditions.
DEATON TEAM
"Earn, keep, and respect the customer’s business"
Located in the Triangle region of North Carolina, encompassing Raleigh, Durham, and Chapel Hill, Deaton specializes in brokering income-producing multifamily investment properties. Throughout North and South Carolina, Deaton maximizes opportunities for buyers and sellers of rental investment property, from large apartment complexes to duplexes, triplexes and quads.
The company was founded in 1981 by Steve Deaton, who still operates it today. Deaton works with individual investors to private capital, family offices and institutional firms. Since 1981, Deaton Investment Real Estate has handled more than 3.8 billion dollars in multifamily sales.
In December of 2023, Deaton joined Global Real Estate Advisors (GREA), a leading player in the multifamily brokerage, lending, and investment advisory sector. This strategic partnership allows Deaton to maintain it’s presence as an independently owned and operated, boutique brokerage firm, with access to a national platform of advisory resources, tools, and clients.
