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C HAPEL H I L L : L I VE | WORK | P L AY – A COMMUNI TY BUI LDI NG I N I T I AT IV E
MARCH 1 2 , 2 0 15
39 CONVENTIONAL (NON-STUDENT) APARTMENT COMMUNITIES (WITHIN CHCCS DISTRICT) TOTALING
7,290 UNITS
ONLY 430 OF THESE APARTMENT UNITS (6%) HAVE BEEN COMPLETED IN THE LAST DECADE.
80% OF THE CONVENTIONAL APARTMENT UNITS WERE BUILT MORE THAN 25 YEARS AGO.
OVER HALF (55%) OF THESE APARTMENT UNITS WERE BUILT IN THE 1970’S AND EARLIER!
CHAPEL HILL APARTMENT MARKETQUICK FACTS
A GAP IN THE HOUSING MARKETPROBLEM: MANY PEOPLE WHO WORK IN CHAPEL HILL AREN’T ABLE TO LIVE IN CHAPEL HILL
FOR YEARS, CHAPEL HILL RESIDENTS HAVE BEEN FORCED TO
CHOOSE BETWEEN TWO EXTREMES: NEWER LUXURY
APARTMENTS THAT COST TOO MUCH VS. MORE AFFORDABLE
APARTMENTS THAT LACK THE MODERN FINISHES AND
AMENITIES THAT RENTERS TODAY EXPECT AND DESIRE.
THIS STRUGGLE MOST OFTEN RESULTS IN A SITUATION IN
WHICH THOSE WHO WORK IN AND SERVE THE CHAPEL HILL –
CARRBORO COMMUNITY ELECT TO LIVE IN HIGHER QUALITY
HOUSING IN DURHAM FOR THE SAME PRICE AS THE OLDER
HOUSING IN CHAPEL HILL.
MODERN LUXURY | DESIRABLE HOUSINGSOLUTION: TODAY ELLER CAPITAL IS ANNOUNCING A NEW PROGRAM FOR PUBLIC EMPLOYEES WHO WANT TO LIVE IN THE COMMUNITY IN WHICH THEY SERVE.
ELIGIBLE INDIVIDUALS CAN IMMEDIATELY TAKE ADVANTAGE OF GENEROUS
DISCOUNTS ON MONTHLY RENT AT TWO OF ELLER’S NEWLY-RENOVATED
APARTMENT COMMUNITIES, TOTALING $2,000-3,050 IN SAVINGS
EACH YEAR.
THESE COMMUNITIES HAVE UNDERGONE MAJOR RENOVATIONS AND NOW
OFFER LUXURY INTERIOR FINISHES THAT ARE CONSISTENT WITH BRAND NEW
CONSTRUCTION.
WITH THESE INCENTIVES WE CAN OFFER HIGH QUALITY HOUSING AT PRICES
THAT ARE AFFORDABLE TO NEARLY EVERYONE WORKING IN CHAPEL HILL.
SAVINGS ON A ONE-BEDROOM APARTMENTEFFECTIVE MONTHLY RATES FOR A ONE-BEDROOM/ONE-BATHROOM AT 86 NORTH APARTMENT HOMES WILL START AT $645 PER MONTH, NORMALLY $795 PER MONTH.
EFFECTIVE MONTHLY RATES FOR A ONE-BEDROOM/ONE-BATHROOM AT THE APARTMENTS AT MIDTOWN 501 WILL START AT $891 PER MONTH, NORMALLY $1,100 PER MONTH.
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Midtown 501 86 North
Monthly Rent
Market Price Discounted Price
THE APARTMENTS AT MIDTOWN 501AMENITIESGRANITE COUNTERTOPS
NEW STAINLESS STEEL APPLIANCES
PLANK FLOORING
DESIGNER CABINETRY
WASHER AND DRYER INCLUDED
WALK-IN CLOSETS
SPACIOUS BALCONIES
CABLE/INTERNET AMENITY PACKAGE
CENTRAL HEAT & AIR
BRUSHED NICKEL HARDWARE
NEW ENERGY EFFICIENT WINDOWS
THE APARTMENTS AT MIDTOWN 501COMMUNITY FEATURES
SPARKLING SWIMMING POOL
CLUB ROOM WITH BILLIARDS AND SHUFFLEBOARD
GOLF / SPORTS SIMULATOR
SPACIOUS PET PARK
PLAYGROUND
BOLIN CREEK TRAIL ACCESS
ON-SITE STARBUCKS COFFEE
STATE OF THE ART FITNESS CENTER
OUTDOOR CABANA AND GRILLING STATION
VOLLEYBALL & BOCCE BALL COURTS
BASKETBALL & TENNIS COURTS
VALET WASTE SERVICE
INTERNET CAFÉ WITH WI-FI ACCESS
86 NORTH APARTMENT HOMESAMENITIESOVERSIZED ENERGY EFFICIENT WINDOWS
ENERGY STAR RATED BLACK GE APPLIANCES
MICROWAVE INCLUDED
GRANITE KITCHEN COUNTERTOPS
CULTURED MARBLE BATHROOM VANITIES
PLANK FLOORING
CURVED SHOWER CURTAIN RODS
2” PLANTATION WINDOW BLINDS
NICKEL FINISH FIXTURES AND HARDWARE
86 NORTH APARTMENT HOMESCOMMUNITY FEATURES
BASKETBALL AND TENNIS COURT
SPARKLING SWIMMING POOL
BARK PARK
INTERNET CAFÉ
FITNESS CENTER
SAND VOLLEYBALL COURT
BOCCE BALL COURT
CHILDREN’S PLAYGROUND
ON-SITE STARBUCKS COFFEE
WHO IS ELIGIBLE?ALL TOWN OF CHAPEL HILL, TOWN OF CARRBORO AND STATE OF NORTH CAROLINA EMPLOYEES AREELIGIBLE, INCLUDING THOSE WHO WORK FOR THE UNIVERSITY OF NORTH CAROLINA AND THE UNCHOSPITAL SYSTEM.
HOW SOON CAN I TAKE ADVANTAGE?IMMEDIATELY. THIS PROGRAM IS IN EFFECT AS OF TODAY AT BOTH MIDTOWN 501 AND 86NORTH.
(919) 929-7005 midtown501.com
(919) 344-0937eightysixnorth.com
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