COURT APARTMENTS – 18 UNITS IN DURHAM

Price:

$1,400,000

Status:

Sold

Address:

414 Raynor St, Durham, NC 27703, USA

Overview:

SOLD 1/6/20 FOR $1,400,000
Deaton Investment Real Estate represented the buyer in this transaction. The seller was represented by Marcus and Millichap.

The Court Apartments offer a great value-add opportunity in the emerging East Durham submarket. All units are two-bedroom floorplans with under market rents, offering the opportunity to capture income upside through strategic improvements.

Unit Information

UnitTypeSizeRent
18 UNITS2 BD/1 BA765 SF AVG$560 AVG

Property Information

PIN 0831-12-75-7242 Tax Value $791,354
Taxes $10,735 Lot Size .91 ACRES
Year Built 1971 Exterior BRICK, HARDBOARD
Floors CARPET, VINYL Foundation SLAB
HVAC WINDOW A/C, BASEBOARD HEAT Owner Financing NONE
Utilities OWNER PAYS WATER Appliances RANGE, REFRIGERATOR, W/D CONNECTIONS
Legal Description PROP-WARD SALLIE D Zoning RU-M
Sold Date 01/06/2020