Durham Assemblage

Capstone is pleased to present Durham Assemblage, a 25-unit assemblage of apartments, duplexes, and single-family rental homes that serve as an ideal entitled covered-land play in the red-hot Durham, North Carolina submarket. The 25 units are comprised of two apartment buildings totaling 16 units, four duplexes totaling eight units, one three-bedroom single-family residence, and three vacant lots. Future ownership of Durham Assemblage will be presented with a unique opportunity to continue to operate the assemblage as an income-producing with the flexibility to redevelop the site into a ±33-unit new-construction infill townhome community by-right under the current zoning. The site sits along E Geer Street and is less than a mile from the bustling downtown of Durham. Additionally, all major highways, I-85, Highway 70 E, and Durham Freeway are all within a five-minute drive, giving residents easy access to demand drivers and major thoroughfares across the Triangle. The Triangle has seen incredible growth in the past 10 years. The Triangle is currently ranked #3 in the Best Places to Live by U.S. News and the 10th fastest-growing region in the nation since 2020 (Axios). With its prime location and the flexibility to acquire the property as an income-producing asset, or as a new entitled infill townhome development, the Durham Assemblage presents an outstanding opportunity for future ownership to capture market share in one of the fastest-growing submarkets in the United States.

Investment Highlights:

1. Acquisition Flexibility | Income-Producing Assemblage or New Construction Infill Townhomes
2. Rapid Growing Market with Strong Market Fundamentals
3. Proven Luxury Infill Townhome Submarket with Record High Sale Prices
4. Conveniently Located to the Research Triangle Park
5. Proximity to Major Employers