DOWNTOWN DURHAM QUADRUPLEX
SOLD 11/20/24
$550,000 or $137,500 per unit
This renovated quadruplex is located one mile south of Downtown Durham and two blocks north of N.C. Central University. The building underwent extensive renovations in 2017 which included interior renovations to all four units, roofing, structural repairs, updated plumbing, updated electrical, and updated HVAC systems. Every unit features attractive, one-bedroom and one-bath floorplans with quartz counters, LVP flooring, and washer dryers included. The property is 100% occupied with an average, in-place rent of $1,036 per month and market rents of $1,100. The building has been professionally managed for years and offers buyers a turnkey opportunity with rental upside.
UNIT INFORMATION
| Unit | Type | Size | Rent |
|---|---|---|---|
| UNIT A | 1 BD/1 BA | 657 SF | $1,070 |
| UNIT B | 1 BD/1 BA | 651 SF | $1,050 |
| UNIT C | 1 BD/1 BA | 657 SF | $1,035 |
| UNIT D | 1 BD/1 BA | 651 SF | $990 |
| TOTAL | 2,993 SF (includes common area) | $4,145 |
PROPERTY INFORMATION
| PIN | 0821-90-3953 |
| Tax Value | $324,310 |
| Taxes | $4,523.81 |
| Lot Size | 0.21 ACERS |
| Year Built | 1945 |
| Exterior | WOOD |
| Floors | LVP, TILE |
| Foundation | CRAWL |
| HVAC | CENTRAL HEATING & AIR |
| Utilities | OWNER PAYS WATER |
| Legal Description | PROP-DUNSTON MINCEY ROBERSON/BLK:H/LT#02 PL:00005A-000046 |
| Appliances | RANGE, REFRIGERATOR, WASHER & DRYER |
| Sold Date | 2024-11-20 |
| Zoning | RUM |
Agent Information Reef Ivey
Location Map
DOWNTOWN DURHAM QUADRUPLEX