1503 LIBERTY ST – DURHAM TRIPLEX

Price:

$650,000

Status:

Under Contract

Address:

1503 Liberty St, Durham, NC 27703, USA

Overview:

This Triplex, located about 1.5 miles east of Downtown Durham, N.C., is fully-leased, well-maintained, and has stable income at market rent rates. Built in 2002, the property is in a neighborhood that is experiencing revitalization and features three, townhome-style units with identical two-bedroom, two-and-a-half bathroom floor plans. Units A and C were completely renovated in 2021 with new LVP flooring throughout the first floor and bathrooms, new carpet, new kitchen cabinets, stainless steel appliances, fixtures, granite countertops, new toilets and new bathroom vanities. A new roof was installed in 2020.

There is a shared parking lot with two other owners. The recorded access agreement and the survey are available for download in the “Additional Information” section below.

Unit Information

UnitTypeSizeLeaseRent
UNIT A2BD/2.5BA 1,240 SF7/31/2023$1,495
UNIT B2BD/2.5BA 1,240 SF3/31/2024$1,395
UNIT C2BD/2.5BA 1,240 SF1/31/2024$1,395
3 UNITS TOTAL 3,720 TOTAL SF $4,285

Property Information

PIN 0831-66-71-5055 Tax Value $259,985
Taxes $3,327.55 Lot Size .223 ACRES
Year Built 2002 Exterior BRICK, VINYL
Floors CARPET, VINYL, LVP Foundation SLAB
HVAC CENTRAL A/C, GAS FORCED HEAT, GAS PACK Owner Financing NONE
Utilities TENANTS PAY UTILITIES Appliances RANGE, REFRIGERATOR, DISHWASHER, W/D CONNECTIONS
Legal Description WHITE OAK FND LTS 1-3/LT# 01 Zoning RU-5(2)