LAKEWOOD AREA DUPLEXES

Price:

$600,000

Status:

Sold

Address:

1603 Gunter St, Durham, NC 27707, USA

Overview:

SOLD 6/17/19 FOR $500,000

This offering consists of four duplexes at 1603, 1605, 1607 and 1609 Gunter Street, located just one mile from Downtown Durham and Duke University. The properties are also within steps of the redeveloping Lakewood shopping center and surrounded by neighboring single-family homes that experienced price appreciation from approximately $100/sf to nearly $200/sf in the last seven years. All eight units are one-bedroom, one-bath and offer a great opportunity to capture income upside through strategic renovations.

Additional Information

Gunter 1603-1609 Rent Roll

Unit Information

UnitTypeSizeRent
8 UNITS1 BD/1 BA630 SF$545 AVG

Property Information

PIN 082114249635, 082114248783 Tax Value $295,090 (Total as of 2019)
Taxes $2,581.44 (Total in 2018) Lot Size .93 TOTAL
Year Built 1920 Exterior WOOD
Floors VINYL, LVT, HARDWOOD Foundation CRAWL
HVAC WINDOW A/C, BASEBOARD HEAT Owner Financing NONE
Utilities PAID BY TENANT Appliances RANGE, REFRIGERATOR, W/D CONNECTIONS
Legal Description SEE TAX RECORDS Zoning RU-M
Sold Date 06/17/2019