WEST DURHAM QUAD – 1919 MOREHEAD

SOLD 4/19/2018 FOR $481,000.
The property sold with all 4 units vacant, before going to the open market.

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. All units were recently updated with new fixtures, hardware, paint, counter-tops and appliances.

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.