Brick duplex near downtown Durham offering a value-add opportunity in the path of progress near Durham's thriving and diverse economic core. Built in 1958, the one-story duplex features identical 2-bed, 1-bath floor plans and sits on a large, deep lot of .26 acres. The land offers the potential to realize… Read More significant value creation. It allows for multiple expansion opportunities to the existing building, the building of an ADU, or potentially redevelopment with additional units. Located in a rapidly evolving neighborhood, there are high-end, new construction homes in all directions. The current rents are below market and could be raised to $1,400-$1,500 per unit with strategic renovations and updates. Unit A = $1,095. Unit B = $940 (tenant 10+ years) Read Less
Courtesy of Deaton Investment Real Estate, Thomas Furlow, 919-847-1117.
Listing Snapshot
Days Online
120
Last Updated
Property Type
Duplex
Beds
4
Full Baths
2
Square Ft.
1,490
Lot Size
0.26 Acres
Year Built
1958
MLS Number
10095867
30 Days Snapshot Of 27701
$1.53M
+80%
(avg) sold price
5
-50%
homes sold
1138
+59%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Building Area Total: 1490, Building Area Units: Square Feet, Construction Materials: "Brick", Living Area Units: Square Feet, Living Area: 1490, Year Built: 1958, Number Of Units Total: 4
Cooling
Cooling: "Window Unit(s)", Cooling Included
Floors
Flooring: "Hardwood", "Tile", "Vinyl"
Foundation
Foundation Details: "Brick/Mortar"
Heating
Heating: "Electric", Heating Included
Lot
Lot Size Acres: 0.26, Lot Size Area: 11325.6, Lot Size Square Feet: 11325.6, Lot Size Units: Square Feet, Parcel Number: 0831198918
Parking
Parking Features: Off Street, Open Parking
Property
Property Sub Type: Duplex
Roof
Roof: "Shingle"
Sewer
Sewer: "Public Sewer"
Taxes
Tax Annual Amount: 2579
Utilities
Water Source: "Public"
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