TWO QUADS NEAR DOWNTOWN DURHAM

Price:

$1,220,000

Status:

Under Contract

Address:

912 Calvin St, Durham, NC 27701, USA

Overview:

This offering features two adjacent quadraplexes (8 units), located in the rapidly evolving East End neighborhood, one mile east of Downtown Durham. Five of the units have been renovated with improvements that include a combination of granite countertops, installing a dishwasher, installing a built-in microwave, new fixtures, new flooring, new appliances and more. The windows were replaced prior to current ownership. All eight units are identical 2-bedroom floorplans and both buildings feature brick exteriors. This is a great opportunity to add value by completing the interior renovations and continuing to push rents. The properties must be purchased as a package, but are two individual parcels that could be resold separately.

Unit Information

UnitTypeSizeRent
8 UNITS2 BD/1 BA740 SF$950 MKT

Property Information

PIN 0831-47-41-5776 & 0831-47-42-5668 Tax Value $262,121 + $265,586
Taxes $6,722.46 Lot Size 0.557 ACRES
Year Built 1971 Exterior BRICK
Floors LVT, CARPET Foundation SLAB
HVAC WINDOW A/C, BASEBOARD HEAT Owner Financing N/A
Utilities PAID BY TENANT Appliances RANGE, REFRIGERATOR, W/D CONNECTIONS, DISHWASHER* AND MICROWAVE*
Legal Description PROP-DI BONA CANU C/LT#02 & LT#03 Zoning RU-5(2)