ROSETTA 1709 QUADS, DURHAM, NC
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.
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 |
Agent Information Thomas T Furlow
Location Map
ROSETTA 1709 QUADS, DURHAM, NC