DUKE VIEW – 31 UNITS IN DURHAM, NC
PRICE:
$
4,050,000
STATUS:
Sold
ADDRESS:
1011 Morreene Rd, Durham, NC 27705, USA
OVERVIEW:
SOLD 1/31/2022 FOR $4,050,000
$130,645 per unit
Deaton Investment Real Estate represented the seller and was the sole broker in this off-market transaction. Built in 1978, Duke View apartments feature 31, identical one-bedroom apartments. The property is located in a submarket with rapidly rising rents, approximately one mile north of Duke University and Duke University Medical Center. The current owners completed a renovation program four years ago, but the opportunity exists to raise rents with strategic improvements.
UNIT INFORMATION
| Unit | Type | Size | Rent |
|---|---|---|---|
| 31 UNITS | 1BD/1BA | 750 SF | $815-$825 |
PROPERTY INFORMATION
| PIN | 081218318509 |
| Tax Value | $1,290,170 |
| Taxes | $16,435.48 |
| Lot Size | 1.782 ACERS |
| Year Built | 1978 |
| Exterior | BRICK & WOOD |
| Floors | HARDWOOD, TILE |
| Foundation | CRAWL |
| HVAC | CENTRAL AIR, HEAT PUMPS |
| Utilities | TENANT PAYS UTILITIES |
| Legal Description | PROP-GREEN MADGE B ESTATE |
| Appliances | RANGE, REFRIGERATOR, WASHER & DRYER CONNECTIONS |
| Sold Date | 2022-01-31 |
| Zoning | RS-M |
Agent Information Thomas T Furlow
Location Map
DUKE VIEW – 31 UNITS IN DURHAM, NC
Address:
1011 Morreene Rd, Durham, NC 27705, USA
Price: $
4,050,000
Unit: