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

Unit Information

UnitTypeSizeLeaseRent
A3 BD/3.5 BA2,695 SF7/31/20$2,550
B2 BD/2.5 BA1,153 SF5/15/20$1,700
GSTUDIO385 SF5/15/20$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 Owner Financing NONE
Utilities SEE ADDITIONAL INFORMATION Appliances SEE ADDITIONAL INFORMATION
Legal Description PROP-DUKE B L NORTH DURHA M/BLK:09/LT#32 Zoning RU-5, NATIONAL HISTORIC DISTRICT
Sold Date 10/04/2019