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Listed by Better Realty LLC
$4,300,000
Est. payment /mo
18,504 SqFt
New
29382944 Chapel Hill RD Durham, NC 27707
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Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 18,504 sqft
Price per Sqft $232
MLS Listing ID 10195382
HOA Y/N No
Year Built 2026
Annual Tax Amount $37,759
Lot Size 0.642 Acres
Acres 0.64
Lot Dimensions 134x245x94x217
Property Sub-Type Multi Family
Source Doorify MLS
Land Area 18504
Property Description
Valley Heights presents a rare opportunity to acquire eight completed, new-construction residences in a single transaction at a portfolio basis below individual appraised value. Each residence has been independently appraised at $612,000, representing an aggregate appraised value of approximately $4.896 million across the eight-unit portfolio. Delivered vacant and completed in 2026, the offering gives an incoming investor significant flexibility from day one. Potential strategies include traditional long-term rentals, furnished mid-term or short-term accommodations where permitted, corporate housing, individual retail resale, or a hybrid strategy that monetizes units over time while retaining others for income. Each approximately 2,313-square-foot residence features four bedrooms and 4.5 bathrooms, including the particularly versatile feature of full-bath access for every bedroom. The homes were constructed and finished for the retail residential market rather than as conventional rental product, with Pella windows, Bosch stainless steel appliances, solid-wood soft-close cabinetry, oversized waterfall quartz islands, tiled walk-in showers, durable LVP flooring, and upper- and lower-level laundry areas. Located along Chapel Hill Road in Southwest Durham, Valley Heights provides convenient connectivity to Downtown Durham, Duke University, Chapel Hill, Research Triangle Park and the broader Triangle employment base.
Location
State NC
County Durham
Area 0.64
Interior
Fireplace No
Exterior
Garage No
Building
New Construction Yes
Others
Tax ID multiple: see private remarks
Acceptable Financing Cash, Conventional, VA Loan, Other
Listing Terms Cash, Conventional, VA Loan, Other
NEARBY SCHOOL & BUSINESS
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