1105 Morehead AVE, Durham, NC 27707
1105 Morehead AVE, Durham, NC 27707
1105 Morehead AVE, Durham, NC 27707
1105 Morehead AVE, Durham, NC 27707
1105 Morehead AVE, Durham, NC 27707
1105 Morehead AVE, Durham, NC 27707
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Meagan Black

Meagan Black

+1(434) 728-5913
Listed by Deaton Investment Real Estate
$ 237,500
Est. payment | /mo

4 Beds

2 Baths

1,600 SqFt

Save
$ 237,500
Est. payment | /mo
Save

4 Beds

2 Baths

1,600 SqFt

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Pending

Purchase Type For Sale

Square Footage 1,600 sqft

Price per Sqft $148

Subdivision Not In A Subdivision

MLS Listing ID 10174164

Bedrooms 4

Full Baths 2

HOA Y/N No

Year Built 1975

Annual Tax Amount $3,310

Lot Size 1,600 Sqft

Acres 0.16

Property Sub-Type Duplex

Source Doorify MLS

Land Area 1600

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. New roof in 2024. The property features 2-bedroom units on each side. One unit is occupied at $735/month providing in-place income and the second unit vacant and ready for renovation and lease-up. This tenant is on a month-to-month lease and originally occupied in 2022. 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. Projected market rents are $1150 per unit. Selling ''as is''

Location

State NC

County Durham

Community Not In A Subdivision

Area 0.16

Interior

Cooling Wall Unit(s)

Flooring Carpet, Luxury Vinyl, Vinyl

Fireplace No

Laundry Washer Hookup

Exterior

Parking Features Driveway

Roof Type Shingle, See Remarks

Garage No

Building

Story One

Water Public

New Construction No

Others

Tax ID 114946

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Doorify MLS
Schools and Properties Nearby

Learn More About LPT Realty

Meagan Black
Meagan Black

License ID: 334577

+1(434) 728-5913

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1105 Morehead AVE