TWO QUADS IN DURHAM

PRICE:
$ 1,100,000
STATUS:
Sold
ADDRESS:
1709 Rosetta Dr, Durham, NC 27701, USA
OVERVIEW:

SOLD ON 11/12/2021 FOR $1,132,000
$141,500 per unit
This offering features two adjacent quadraplexes (8 units), located in the Old North Durham neighborhood east of Downtown. This area is seeing rapid growth and redevelopment. New, single-family construction across the street is selling for over $700K. The current owners replaced the siding, windows, and roofs on both of the quads in 2020. All eight units are identical 2-bedroom, 1-bath floorplans. Many units have long-term tenants. This is a great opportunity to add value by initiating an interior renovation plan and pushing rents. The properties are being offered separately at a price of $550,000 or as a package for $1,100,000.

Link To Tax Records
UNIT INFORMATION
Unit Type Size Rent
8 UNITS 2 BD/1 BA 715 SF $750 AVG
PROPERTY INFORMATION
PIN 0832-18-20-7608, 0832-18-20-6587
Tax Value $203,252, $203,252
Taxes $2,589.23, $2,589.23
Lot Size .428 ACRES, .311 ACRES
Year Built 1984
Exterior HARDIEPLANK SIDING
Floors CARPET, VINYL, LVP
Foundation CRAWL
HVAC CENTRAL A/C, HEAT PUMP
Utilities PAID BY TENANTS
Legal Description PROP-J HAROLD COLCLOUGH & ASSOCAITES/LT#03 & LT#01
Appliances RANGE, REFRIGERATOR, WASHER/DRYER CONNECTIONS
Sold Date 2021-11-12
Zoning RU-M

Location Map

TWO QUADS IN DURHAM
Address: 1709 Rosetta Dr, Durham, NC 27701, USA Price: $ 1,100,000 Unit: