215 WILLIAM PENN PLAZA
DURHAM, NC 27704
312
Units
2008
Built
Executive Summary
Built in 2008, Independence Park is a 312- unit garden-style community in the Durham MSA offering a compelling value-add opportunity, strong in-place performance, and a superior unit mix. Nearly 50% of units remain in classic condition, allowing new ownership to continue the proven renovation program that has already generated average premiums of $150+ over classic units. The property demonstrates consistently strong occupancy and effective rent growth trends. Independence Park is further differentiated by its larger floor plans and attractive unit mix, with 75% of units comprised of two- and three- bedroom layouts. The property benefits from exceptional regional connectivity and access to major employment, healthcare, and lifestyle amenities.
Property Summary
Independence Park
Apartment Homes
Property Description
- Property Address
- County
- Units
- Year Built
- Parcel Number
- Style
- Stories
- Buildings
- Acreage
- Units per Acre
- Roof
- Construction
- Ceiling Height
- Parking
- Property Management
Amenities
Community Amenities
-
Resort-style swimming pool with sundeck
-
Grilling station and picnic area
-
Patio area for outdoor lounging
-
Package lockers
-
Sand volleyball court
-
Tennis and activity court
- 1,200 SF fitness center with cardio and weightlifting equipment
- Business center
- Café with complimentary coffee bar
- Children’s playground
- Community dog park
- 24-Seat multimedia theater room
- Onsite pond
- Professionally landscaped with manicured grass, trimmed shrubs, and plants
- Car care center
- Valet trash service
- 24/7 Emergency maintenance
- On-site management
Unit Amenities
- Stainless steel appliances include a refrigerator with ice maker, oven/range, microwave, dishwasher, and garbage disposal*
- Faux hardwood vinyl in kitchen, living room, and bathrooms
- Carpet in bedrooms
- Granite countertops in kitchen and bathrooms*
- Modern, brushed nickel light fixtures*
- Ceiling fan in living room and bedrooms
- Private balconies and patios
- Sunroom** (168 units)
- Washer/dryer connections in every unit
- In-unit washer/dryer** (property owns 130 sets)
*In renovated units
**In select units
Location
Photo Gallery
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
908.221.2635
[email protected]
Mortgage Banking
Michael Slovitt
Managing Director
312.845.3082
[email protected]
Grant Bailey
Senior Real Estate Analyst
312.845.5160
[email protected]
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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