Springfield Apartments, built in 1986, is a 288-unit garden-style community located in Durham, North Carolina. The property offers abundant value-add upside at a significant discount to replacement cost.
The property is located just off Highway 15-501, which serves as the primary artery linking Chapel Hill and University of North Carolina (UNC) to downtown Durham and Duke University. The easy access that this highway provides to I-40 and I-85 is critical to prospective renters as it enables access to all points of the Research Triangle within minutes. In addition to being directly across University Drive and Blue Cross Blue Shield’s North Carolina campus headquarters, residents benefit further from the convenient accessibility that Springfield offers to the Research Triangle’s main employment nodes, including Research Triangle Park, Duke University Hospital, and the UNC Hospitals, as well as downtown Durham."