514 Pleasant Drive

Durham, NC 27703

168

Units

2024

built

The Opportunity

Fox Crossing is tailored for the Triangle’s “Missing Middle” tenant base, combining premium finishes with attainable rents. The property boasts standout lease-up momentum, top resident satisfaction, large one-bedroom floor plans, and a 75% property tax abatement starting in 2026 to drive superior NOI. With prime visibility and immediate access to top employment, Fox Crossing offers a unique investment opportunity with strong upside in one of the region’s fastest-growing markets. 

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PROPERTY DESCRIPTION

  • PROPERTY ADDRESS514 Pleasant Drive Durham, NC 27703
  • COUNTYDurham
  • UNITS168
  • YEAR BUILT2024
  • PARCEL NUMBER158307
  • STORIESTownhome
  • BUILDINGSFive
  • ACREAGE11.93
  • UNITS PER ACRE15/acre
  • ELEVATORSFive (1 elevator in each building)
  • ROOFPitched (Composition Shingle)
  • CONSTRUCTIONFrame
  • CEILING HEIGHT9 ft.
  • PARKING259 total spaces (1.54 spaces/unit)
  • PROPERTY MANAGEMENTKDM

DETAILED UNIT MIX

Type
# Units
Size (SF) 
% of Mix
1 Bed / 1 Bath - Salem
720
720
4%
1 Bed / 1 Bath - Salem
4
789
2%
1 Bed / 1 Bath - Lowell
39
810
23%
1 Bed / 1 Bath - Franklin
4
843
2%
1 Bed / 1 Bath - Type A- Concord
5
929
3%
1 Bed / 1 Bath - Plymouth
30
1,085
18%
2 Bed / 2 Bath - Adams
51
1,164
30%
2 Bed / 2 Bath - Type A- Adams
3
1,187
2%
2 Bed / 2 Bath - Jamestown
10
1,212
6%
3 Bed / 2 Bath - C1
1
1,313
1%
3 Bed / 2 Bath - Type A- Willian
1
1,313
1%
3 Bed / 2 Bath - Williamsburg
8
1,313
5%
3 Bed / 2 Bath - Nantucket
6
1,332
4%
TOTAL/AVG. 
168
1,046
100%

Amenities

Community Amenities 

  • State-of-the-art fitness center 
  • Luxer One package room with secure parcel lockers 
  • Interactive resident lounge with social and work-from-home spaces 
  • Dedicated bike racks and storage 
  • Fenced dog park 
  • Electric vehicle charging stations 
  • High-speed community-wide Wi-Fi (Google Fiber) 
  • Elevators in each building 
  • Rentable storage units in each building 
  • Controlled access to all buildings and amenities 
  • Professional, on-site security patrol services 

Home Amenities

  • Chef-inspired kitchens with freestanding islands and tile backsplashes 
  • Stainless steel appliance package including refrigerator with ice maker, oven/range, microwave, dishwasher, and garbage disposal 
  • Faux hardwood-style vinyl flooring in kitchen, living areas, and bathrooms 
  • Granite countertops in kitchens and bathrooms 
  • 9-foot ceiling heights 
  • 4-inch wood baseboards and window trim for a polished finish 
  • LED lighting with modern, brushed nickel fixtures 
  • Ceiling fans in living room and bedrooms 
  • Bathrooms with framed mirrors 
  • Stand-up showers with glass doors (in select layouts, if applicable) 
  • Spacious walk-in closets 
  • In-unit washer and dryer 

Contact Us

Charlotte Office 
4201 Congress Street 
Suite 200 
Charlotte, NC 28209 

Raleigh Office
4030 Wake Forest Road
Suite 300, Office 314
Raleigh, NC 27609

Charleston Office
121 Calhoun Street
Suite 200
Charleston, SC 29401

Greenville Office
355 S. Main Street
1st and 2nd Floor
Greenville, SC 29601

Investment Sales

Caleb Troop
Senior Managing Director
314.607.3481
[email protected]

Matt Robertson
Associate Director
919.812.3174
[email protected]

Thomas Colaiezzi
Director
901.603.8590
[email protected]

Drew Kwiatkowski
Associate Director
980.221.2635
[email protected]

Mortgage Banking

Jeremy Lynch
Director
215.328.1337
[email protected]

Jake Adoni
Director
215.328.1324
[email protected]

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Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.  

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