1120 Drew, Durham, NC 27701

$350,000
4
BD
2
BA
1,512
SqFt

Seller Representative EXP Realty LLC

Selling Office: .

Sold Price
$350,000
List Price
$350,000
Closing Date
Jan 26, 2024
Status
CLOSED
MLS#
2543130
Bedrooms
4
Bathrooms
2
Full-baths
2
Living Area
1,512
Lot Size
8,276
Subdivision
Not In A Subdivision
Year Built
1971
Acres
0.19

Property Description

Welcome to an exceptional investment opportunity in Downtown Durham! This Multifamily Duplex, nestled on a single parcel, features two 756 sq ft units, each offering 2 beds and 1 full bath floor plans. Currently renting below market value, there's incredible potential for increased rental income. One unit has already been tastefully renovated, showcasing modern allure, while the other presents a prime canvas for a savvy investor's touch. With both units currently leased until July 2024, generating a combined monthly rent of $1,250 each, this property promises immediate returns. Explore the possibilities of owner occupancy in one unit while leasing the other for additional investment income. Seize the chance to enhance value, capitalize on below-market rents, and be part of the vibrant Downtown Durham community. This is not just a property; it's a strategic investment in the heart of a thriving city. Welcome to your doorway to downtown prosperity!

Additional Information

Exterior Finish
Brick
Parking
Off Street
Special Conditions
Standard
Water Sewer
Public, Public Sewer
Flooring
Vinyl
Heating
Baseboard, Electric

Mortgage Calculator

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Calculator source: Real Geeks

Listings provided courtesy of Triangle MLS, Inc. of NC, Internet Data Exchange Database. Information deemed reliable but not guaranteed. © 2024 Triangle MLS, Inc. of North Carolina. Data last updated .