Durham Multifamily for Sale - South Durham
New Construction Rental Townhomes (6) Now Available to Investors to Buy! Actual Rents Between $2,700 - $2,850. Ultra-flexible 1031 timelines. Priced between $399K & $430K.
We have completed construction on a limited supply of beautiful, modern townhomes in the heart of the Durham–RTP corridor. These units were primarily sold to owner-occupiers during earlier phases, but investor demand has remained strong. We are now down to just six remaining units, most of which are fully leased and cash-flowing. The Research Triangle Park area is home to three of the most advanced hospital systems in the country and tech giants such as Google and Apple are adding thousands of high-paying jobs to the area. This is an incredible chance to buy affordable luxury rental townhomes in an innovative rental community. These townhomes were originally selling near $600,000 per unit. Due to interest rate-driven pricing adjustments, we are offering significant discounts from prior phases, which provides investors the ability to acquire brand-new, stabilized rental units at pricing rarely available in today’s market. Most of the remaining units are already leased, with actual rents between $2,700 and $2,850 per month depending on size and configuration.
Townhomes have been snowballing in popularity. Compared to condos, townhomes only share one wall with neighboring units, allowing tenants to occupy all space from the ground to the roof. This structure makes owners and renters feel they’re getting more bang for their buck. Even more, townhomes offer locational benefits, as they’re most prevalent in urban areas—offering residents closer commutes to their workplace.
For example, in Research Triangle Park, where hospital and high-tech jobs are abundant, high-earning commuters need close proximity to their workplace while still enjoying the spacious amenities of living in a townhome. Investing in Nova RTP allows you to take advantage of this young professional lifestyle trend, adding a solid dynamic to your investment toolbox and potentially leading to generational wealth.
The Nova RTP community is a micro-neighborhood occupied by young professionals on the path to career advancement. But more than just career development, this area offers a wide range of night and daytime activities that keeps a younger crowd entertained. With quick access to downtown Durham and nearby Raleigh, Nova RTP sits in a prime location for young professionals to enjoy an ideal work/ life balance. The area is filled with tons of activities and rich culture.
Cafes, parks, sports, and nightlife are abundant between these two cities. Whether seeking a night or on the town or looking for a nature-inspired getaway, you can find everything within close proximity to Nova RTP.
