LAKEWOOD AREA QUAD

PRICE:
$ 499,000
STATUS:
Sold
ADDRESS:
1911 Morehead Ave, Durham, NC 27707, USA
OVERVIEW:

SOLD 5/23/18 FOR $480,000

This brick quadraplex is located one mile from Downtown Durham and Duke University. All four units are 2-bedroom, 1-bathroom floor plans. The exterior features updated paint, fencing and ornamental lighting. Three of the units (1911, 1913, 1915) were recently updated with new fixtures, hardware, paint, counter-tops and appliances. The interior of unit 1917 was more extensively renovated prior to current ownership.

The property is within steps of the Lakewood shopping center where the Scrap Exchange has initiated the redevelopment of more than 100,000 SF of dining, retail and entertainment space as a part of the Reuse Arts District. In addition, neighborhoods in the Lakewood area have seen median single-family home prices increase from approximately $100/sf to nearly $200/sf in the last seven years.

Link To Tax Records
UNIT INFORMATION
Unit Type Size Rent
1911 2 BD/1 BA 840 SF $1,025 MKT
1913 2 BD/1 BA 840 SF $1,035
1915 2 BD/1 BA 840 SF $1,025 MKT
1917 2 BD/1 BA 840 SF $900
TOTAL 3,360 SF $3,985
PROPERTY INFORMATION
PIN 0821-09-16-5051
Tax Value $156,375
Taxes $2,105.59
Lot Size .206 ACRES
Year Built 1961
Exterior BRICK
Floors HARDWOOD, VINYL, TILE
Foundation CRAWL
HVAC WINDOW A/C, BASEBOARD HEAT
Utilities PAID BY TENANT
Legal Description PROP HOUSE/ LT#10 N1/2
Appliances RANGE, REFRIGERATOR, W/D CONNECTIONS
Sold Date 2018-05-23
Zoning RU-M

Location Map

LAKEWOOD AREA QUAD
Address: 1911 Morehead Ave, Durham, NC 27707, USA Price: $ 499,000 Unit: