Description
This duplex presents an opportunity to acquire an entry-level multifamily investment in Durham at a basis well below recent duplex sales in the surrounding market. The property features 1-bedroom units o each side. One unit is occupied at $800/month providing in-place income and the second unit vacant and ready for renovation and lease-up. Investors can improve the vacant side while offsetting carrying costs through existing rental income, creating a clear path to increased cash flow and long-term value through stabilization of both units. Selling ''as is''
Details
| MLS # | 10170230 |
|---|---|
| Listing Type | For Lease |
| Status | Pending |
| Year | 1949 |
| Days On Site | 90 |
| Listing Provided By | Deaton Investment Real Estate | Thomas Furlow |
Features
| Bed(s) | 2 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 1,110 |
| Story(s) | 1 |
| Acreage | 0.19 |
Interior
| Heating Yes / No | Yes |
|---|---|
| Cooling Yes / No | Yes |
| Cooling | Window Unit(s) |
Exterior
| Roof | Shingle |
|---|---|
| Foundation Details | Block |
| Construction Materials | Block, Stucco |
Parking
| Attached Garage Yes / No | No |
|---|---|
| Parking Features | Driveway |
Utilities
| Sewer | Public Sewer |
|---|
Taxes
| Tax Assessed Value | 171140 |
|---|---|
| Tax Legal Description | The Driver Land/Prop-Ston E E C/Lt#03 Pl:000018-000082 |
| Tax Year | 2025 |
| Tax Map Number | 03 |
Area Information
| State | NC |
|---|---|
| County | Durham |
| City | Durham |
| Zip Code | 27703 |
| Area | Durham |
| Community Name | Not in a Subdivision |
| Listing VS Median (in Not in a Subdivision) | |
Price: $175,000 low | high Med: $319,900 sqft: 1,110 low | high Med: 1,896 $ / sqft: $158 low | high Med: $169 On site: 90 low | high Med: 41 | |
Market Activity 27703
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Learn More About This Property
| State | NC |
|---|---|
| County | Durham |
| City | Durham |
| Zip Code | 27703 |
| Area | Durham |
| Community Name | Not in a Subdivision |
| Listing VS Median (in Not in a Subdivision) | |
Price: $175,000 low | high Med: $319,900 sqft: 1,110 low | high Med: 1,896 $ / sqft: $158 low | high Med: $169 On site: 90 low | high Med: 41 | |
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