TRINITY PARK/DUKE AREA MULTIFAMILY

PRICE:
$ 995,000
STATUS:
Sold
ADDRESS:
1002 Monmouth Ave, Durham, NC 27701, USA
OVERVIEW:

SOLD 10/4/19 FOR $970,000

1002 Monmouth A/B were completely rebuilt in 2014 as a single-family home with an accessory dwelling unit. The main building features two, large, attractive floor plans with high-end finishes. The garage in the rear was built in 2016 as an accessory dwelling structure and features a well-appointed studio apartment. All three units are leased and represent a rare opportunity to acquire a recently built investment property in one of Durham’s most desirable neighborhoods near Duke and Downtown. There is an opportunity to increase revenue by capturing rental income from the garage and raise rents when leases expire.  Video Tour Here

Link To Tax Records
UNIT INFORMATION
Unit Type Size Rent
A 3 BD/3.5 BA 2,695 SF $2,550
B 2 BD/2.5 BA 1,153 SF $1,700
G STUDIO 385 SF $945
TOTAL 4,233 SF $5,195
PROPERTY INFORMATION
PIN 0822-19-71-0483
Tax Value $847,118
Taxes $9,755
Lot Size .171 ACRES
Year Built 1910, 2014, 2016
Exterior WOOD
Floors HARDWOOD, BAMBOO, TILE
Foundation CRAWL, SLAB
HVAC CENTRAL AIR
Utilities SEE ADDITIONAL INFORMATION
Legal Description PROP-DUKE B L NORTH DURHA M/BLK:09/LT#32
Appliances SEE ADDITIONAL INFORMATION
Sold Date 2019-10-04
Zoning RU-5, NATIONAL HISTORIC DISTRICT

Location Map

TRINITY PARK/DUKE AREA MULTIFAMILY
Address: 1002 Monmouth Ave, Durham, NC 27701, USA Price: $ 995,000 Unit: