James Davis - Commercial Real Estate Showcase

James Davis Property Listings
Broker
Marcus & Millichap Inc
324 S Elm St
Suite 300
Greensboro, NC 27401


DetailMap
944 E Haggard Avenue - University Pointe Apartments

SW of University/Haggard int
Elon, NC 27244 - North MF Submarket


Property Type:Multi-Family Number of Units:24 Status:Existing Year Built:2004
Stories:3 Building Size:27,552 SF Land Area:3.01 AC (131,116 SF)
For Sale Price:$1,750,000 Price/Unit:$72,916.67 Cap Rate:6.19 % GRM:-

Parking:2.36 Parking Spaces / 1,000 SF



Sale Notes:
Marcus & Millichap is pleased to offer University Pointe Apartments, an exciting investment opportunity in Elon, North Carolina. Located in close proximity to Elon University, this purpose-built student housing development boasts strong historical occupancy, spacious floorplans, and a low-maintenance, brick exterior. With a student population of over 6,000 undergraduate and 700 post-graduate students, Elon University has grown into a strong, nationally recognized university with over 80% of its students attending from out-of-state. University Pointe Apartments provides students convenient access to not only the University but also popular retail destinations, restaurants and downtown Burlington. Constructed in 2004, this 54-bed student community offers new ownership the opportunity to acquire a turn-key asset with upside potential in a high barrier to entry market.

Marcus & Millichap Inc
James Davis
(336) 450-4671




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