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.

Link To Tax Records
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

Location Map

DUKE VIEW – 31 UNITS IN DURHAM, NC
Address: 1011 Morreene Rd, Durham, NC 27705, USA Price: $ 4,050,000 Unit: