TWO QUADS IN DURHAM

Price:

$1,100,000

Status:

Under Contract

Address:

1709 Rosetta Dr, Durham, NC 27701, USA

Overview:

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

UnitTypeSizeRent
8 UNITS2 BD/1 BA715 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 Owner Financing NONE
Utilities PAID BY TENANTS Appliances RANGE, REFRIGERATOR, WASHER/DRYER CONNECTIONS
Legal Description PROP-J HAROLD COLCLOUGH & ASSOCAITES/LT#03 & LT#01 Zoning RU-M