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600 Martin Luther King Jr Blvd
Chapel Hill, NC 27514 Downtown Chapel Hill

$21,500,000 USD

Apartments For Sale  •  112,089 SF

Property Details

  • Property Type Apartments
  • Total Building Size 112,089 SF
  • Lot Size 7.78 AC
  • Building Class B
  • Year Built 1969
  • Zoning R4
50 Transit Score
60 Walk Score

Highlights

Value-Add Opportunity: Well-maintained property with plenty of opportunity to further upgrade units
Power 4 University: Extremely attractive university market with an enrollment over 30,000 students
Close to Campus: 0.6 miles to University of North Carolina - Chapel Hill
Strong Leasing: ±90 Consistent occupancy rate; 40% Pre-Leased for 2025-26 school year
Ground Lease Established: ±37 years remain on ground lease with (5) 10-year renewal options

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Business Center
  • Cable Ready
  • Controlled Access
  • Clubhouse
  • Dishwasher
  • Fitness Center
  • Microwave
  • Property Manager on Site
  • Heating
  • Furnished Units Available
  • Package Service
  • Eat-in Kitchen
  • Kitchen
  • Hardwood Floors
  • High Speed Internet Access
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Walk-In Closets
  • Storage Space
  • Elevator
  • Lounge
  • Maintenance on site
  • Window Coverings

Public Transportation

AirportDriveWalkDistance
Raleigh-Durham International 31 min - 18.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 168
Type: Surface
Included in Rent: Yes
Kenneth Wellar 215-454-2879 GREA
Kenneth Wellar 215-454-2879 GREA