2 Beds
2 Baths
1,008 SqFt
2 Beds
2 Baths
1,008 SqFt
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,008 sqft
Price per Sqft $337
Subdivision Not In A Subdivision
MLS Listing ID 10166156
Bedrooms 2
Full Baths 2
HOA Y/N No
Year Built 1930
Annual Tax Amount $3,429
Lot Size 1,008 Sqft
Acres 0.12
Property Sub-Type Duplex
Source Doorify MLS
Land Area 1008
Property Description
The property features one-bedroom units and offers an attractive opportunity for investors seeking both in-place income and value-add potential. One unit has been recently updated and is leased for $1,000 per month (lease expiration Aug-26). The second unit is vacant, providing an opportunity for immediate upside through lease-up to market rents and value-add renovations. The vacancy also presents an excellent opportunity for an owner-occupant seeking to live in one unit while generating income from the other.
Located in Durham's desirable Old West Durham neighborhood, the property is positioned within an area that has experienced significant revitalization through new infill development and high-end residential renovations. The neighborhood's proximity to Downtown Durham, Duke University, and major employment centers continues to drive strong rental demand and long-term investment growth, making 1008 Alabama Avenue a compelling opportunity in one of the Triangle's most sought-after neighborhoods.
Location
State NC
County Durham
Community Not In A Subdivision
Area 0.12
Zoning R-3
Interior
Cooling Window Unit(s)
Flooring Carpet, Luxury Vinyl, Vinyl
Fireplace No
Exterior
Parking Features Driveway, On Street
Roof Type Asphalt
Garage No
Building
Story One
Water Public
New Construction No
Others
Tax ID 103784
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Learn More About LPT Realty
License ID: 334577