This Durham, North Carolina community comprises 46 apartments converted to condominiums, located just south of I-40. The fund owns 33 of the 46 units — an established, income-producing residential holding where all units cash flow positively, with rents increasing year over year, and with unit-by-unit sell-off potential.
Location & Market. Durham (population about 304,000) sits at the heart of North Carolina's Research Triangle, one of the fastest-growing regions in the country — up roughly 5.6% since 2020 to about 2.4 million people. The Triangle is anchored by Research Triangle Park, the largest research park in the United States, home to hundreds of technology, biotech, and life-science firms employing tens of thousands. With Duke University, three major research universities nearby, and an energetic startup scene, Durham is widely known as the "Silicon Valley of the South."
Access & Connectivity. The property is just off I-40, minutes from downtown Durham, Research Triangle Park, and Raleigh–Durham International Airport, with direct connections across the region's major job centers.
Opportunity. A stabilized, 33-unit condominium community in a top-tier growth market — well suited to a buyer seeking rental income with the flexibility to sell individual units into strong local demand.
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Local Jurisdiction & Due Diligence
The property is located in Durham, North Carolina, within the joint Durham City-County planning jurisdiction, and is served by Durham Public Schools. Prospective buyers are encouraged to confirm current zoning, planning guidance, and parcel details directly with the city and county using the resources below:
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