Durham, North Carolina, is a prime location for investing in Multi-Family Properties, with a strong economy driven by the healthcare and pharmaceutical industries. As a hub for education and research, Durham is home to institutions like Duke University and North Carolina Central University, attracting a diverse population of students, professionals, and families. With its rich history, cultural attractions, and downtown revitalization efforts, Durham offers a unique blend of amenities, infrastructure, and location, making it an attractive place to invest in Multi-Family Properties. The city's flat topography and rolling hills provide an ideal setting for development, with easy access to major transportation facilities like the Raleigh-Durham International Airport, NC 147, U.S. 15-501, I-85, and I-40. Additionally, Durham's strong job market, with major employers like GlaxoSmithKline, IQVIA, and Aerie Pharmaceuticals, ensures a steady demand for housing. With 1 Multi-Family Properties for sale, Durham offers a range of investment opportunities, from apartments and condominiums to townhouses and duplexes, with average prices per square foot of $252 USD and average sizes of 4,814 square feet.
As a hub for education and research, Durham is an attractive location for Multi-Family Properties, with a strong demand for housing from students, professionals, and families. In addition to Multi-Family Properties, Durham also offers a range of other property types, including Retail Space, with popular shopping centers like Brightleaf Square, Shopping Centers, with major retailers like Target and Walmart, Residential Income Homes, with a range of single-family homes and duplexes, and Office Properties, with modern facilities like the Durham Innovation District. With its unique blend of amenities, infrastructure, and location, Durham is an ideal place to invest in Multi-Family Properties, with an average cap rate of. Whether you're a seasoned investor or just starting out, Durham's Multi-Family Properties offer a range of opportunities for growth and returns, making it an attractive location for real estate investment.
What is the average cap rate for multi-family properties in the Durham market?
For investors seeking to capitalize on Durham's growing demand for housing, the average cap rate for multi-family properties in the Durham market is , making it an attractive option for those looking to diversify their portfolios. To better understand the significance of this rate, it's essential to know what is a cap rate, and how it can impact your investment decisions.
What should I know about financing options for buying an apartment building in Durham?
When considering financing options for buying an apartment building in Durham, it's essential to understand the local market and available financing options, including commercial real estate loans (CRE loans) that can help you secure the property you want. For more information on CRE loans, check out our article at commercial real estate loans.
In Durham, you'll find 1 multi-family properties for sale, with an average price per square foot of $252 USD and an average size of 4,814 square feet. The largest property available is 6,800 square feet.
- The average cap rate for multi-family properties in Durham is , which can help you estimate your potential return on investment.
- Durham's strong economy, driven by the healthcare and pharmaceutical industries, can provide a stable source of tenants and revenue for your apartment building.
- The city's infrastructure, including transportation services like GoDurham and GoTriangle, as well as the Raleigh-Durham International Airport, can make it easier for tenants to access the property and surrounding amenities.
