Investment Overview

Marcus & Millichap is pleased to present Eden Place Apartments in Gibsonville, North Carolina. Located only 15 minutes from downtown Burlington, the property is ideally located between the rapidly growing markets of the Piedmont Triad and Research Triangle, North Carolina. Current ownership has updated unit interiors on fourteen of the eighteen units, showing proven demand and rent growth for renovated units. There is also the potential to perform additional “last mile” upgrades to all the units, furthering rental premiums. These upgrades, coupled with the ability to construct additional units on surplus land, provide multiple avenues of upside potential for this boutique investment opportunity. Rapid job growth from the surrounding markets will continue to drive rent growth potential as residents seek economic alternatives to the rapidly escalating prices of surrounding markets. Coupled with an asset that has been extremely well-maintained and showcases a proven value-add strategy for upgraded units, Eden Place Apartments is extremely well-positioned to provide attractive returns for the life cycle of this investment opportunity.