LAKEWOOD AREA – MOREHEAD QUAD, DURHAM, NC

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.