DEVELOPMENT LOTS AND SINGLE FAMILY RENTAL IN DURHAM
SOLD 4/4/25 FOR $600,000
Deaton GREA is pleased to offer, as the exclusive agent for the seller, three adjacent parcels near downtown Durham. The three properties consist of two vacant lots at 1124 and 1126 N. Roxboro Street and a single-family home at 1122 N. Roxboro Street. The two lots are zoned Commercial General (GC) and the single-family parcel is zoned Residential Urban-Multifamily (RU-M). The properties combine for a total of .5781 acres. The single-family home was built in 1996 and features 3-bedrooms and 1-bath. The home is currently rented for $1,595 and is scheduled to increase to $1,670 upon the lease renewal on April 1, 2025. This offering presents a unique opportunity for rental income and redevelopment in the path of progress near Durham’s thriving and diverse economic core. Located in a rapidly evolving neighborhood, there are high-end, new construction homes in all directions.
UNIT INFORMATION
| Unit | Type | Size | Rent |
|---|---|---|---|
| 1122 N. ROXBORO | 3 BD/1 BA HOUSE | 1,027 SF ON .2148 ACRES | $1,595 |
| 1124 N ROXBORO | VACANT LOT | .1799 ACRES | $0 |
| 1126 N ROXBORO | VACANT LOT | .1834 ACRES | $0 |
PROPERTY INFORMATION
| PIN | 0831-19-6888, 0831-19-6993, 0831-19-7908 |
| Tax Value | $527,005 |
| Taxes | $7,351.18 |
| Lot Size | .5781 ACRES TOTAL |
| Year Built | 1996 |
| Exterior | WOOD |
| Floors | LVP |
| Foundation | SLAB |
| HVAC | CENTRAL AIR, HEAT PUMP |
| Utilities | PAID BY TENANT |
| Legal Description | PROP-ROBERTS DEBORAH B PL:000000-000000, PROP-LUNSFORD OTHO/LT#04 PL:00001B-000136, PROP-LUNSFORD OTHO/LT#03 PL:00001B-000136 |
| Appliances | RANGE, REFRIGERATOR, DISHWASHER, WASHER & DRYER CONNECTIONS |
| Sold Date | 2025-04-04 |
| Zoning | RU-M AND CG |
Agent Information Thomas T Furlow
Location Map
DEVELOPMENT LOTS AND SINGLE FAMILY RENTAL IN DURHAM