Eagle Point is a stabilized “C” quality multifamily property comprised of 223 units in Durham, NC – located two miles from JEM-owned Emory Woods. Built in 1966, the property was acquired with floating rate debt, providing the option for an early capital event upon implementation of our value-add strategy. Recent improvements include asphalt repairs, partial roof replacements, and new windows.
Eagle Point is less than one mile from North Carolina Central University (NCCU) and provides residents quick access to all of the major employment centers in the Raleigh-Durham MSA, four major universities, and major retailers. The Research Triangle Park is located less than 6 miles southeast of the property via NC Hwy 55 and Interstate I-40. South Square is located four miles west of Eagle Point via NC Hwy 15. The 457,090 SF shopping center offers desirable big box retail options such as Super Target and Sam’s Club. Duke University & Health System, the area’s largest employer (34,000 employees and 15,000 students), is located 10 minutes from Eagle Point.