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Listed by Deaton Investment Real Estate
$ 175,000
Est. payment | /mo
2 Beds
2 Baths
1,110 SqFt
$ 175,000
Est. payment | /mo
2 Beds
2 Baths
1,110 SqFt
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Pending
Purchase Type For Sale
Square Footage 1,110 sqft
Price per Sqft $157
Subdivision Not In A Subdivision
MLS Listing ID 10170230
Bedrooms 2
Full Baths 2
HOA Y/N No
Year Built 1949
Annual Tax Amount $1,952
Lot Size 1,110 Sqft
Acres 0.19
Property Sub-Type Duplex
Source Doorify MLS
Land Area 1110
Property 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''
Location
State NC
County Durham
Community Not In A Subdivision
Area 0.19
Interior
Cooling Window Unit(s)
Flooring Carpet, Vinyl
Fireplace No
Exterior
Parking Features Driveway
Roof Type Shingle
Garage No
Building
Story One
Foundation Block
Water Public
New Construction No
Others
Tax ID 112812
Acceptable Financing Cash
Listing Terms Cash
Schools and Properties Nearby
Learn More About LPT Realty
Meagan Black
License ID: 334577