Deaton GREA is pleased to present, as the exclusive listing broker for the seller, a boutique, luxury, student housing asset in the heart of Chapel Hill at the University of North Carolina at Chapel Hill. Chapel Hill Villas is a 12-unit, 48-bedroom portfolio of townhome-style duplexes located less than one mile from campus, and only one-half mile from the social and entertainment hub of Franklin Street. The property is 100% leased for the 2024-25 school year. The leases are by-the-unit, with an average, in-place rent equal to $905 per bed.

Built in 2013, these craftsman style duplexes feature large floor plans of almost 1,500 square feet. The interiors offer stainless steel appliances, granite counter tops, LVP flooring, and other high-end finishes. Additionally, all units were constructed with HardiPlank exterior siding, low-e vinyl windows and 30-year architectural shingles.

The University of North Carolina at Chapel Hill is a prestigious public research university renowned for its rich history, academic excellence, and strong sense of community. Located in the Triangle region of North Carolina, UNC Chapel Hill is a power-five university with more than 31,000 students and 12,000 employees. As the nation’s first public university, it has been a cornerstone of higher education since its founding in 1789 and is also well-known for athletic and cultural traditions.