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$ 675,000
Est. payment | /mo
0.35 Acres Lot
$ 675,000
Est. payment | /mo
0.35 Acres Lot
Key Details
Property Type Townhouse
Sub Type Townhouse
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1203323
HOA Y/N No
Year Built 1983
Lot Size 0.350 Acres
Acres 0.35
Property Sub-Type Townhouse
Source Triad MLS
Property Description
Investor opportunity in a strong Durham rental market. Four-unit townhome building with 3 units currently leased, providing immediate income. One unit is fully renovated and intentionally left vacant, offering flexibility to lease at market rates, use as an owner-occupied unit, or explore mid-term rental demand from nearby medical professionals. Townhome-style layouts and proximity to Duke University, Duke Hospital, Duke Regional, and major employment centers drive consistent rental, interest. This property offers stable cash flow with room to increase returns through strategic rent adjustments and lease-up of the renovated unit. Convenient access to I-85, NC-147, retail, and transit. Ideal for investors seeking a value-add opportunity with strong fundamentals and long-term growth potential.
Location
State NC
County Durham
Interior
Heating Heat Pump, Electric
Cooling Central Air
Appliance Electric Water Heater
Laundry Washer/Dryer Connection
Exterior
Pool None
Building
Lot Description City Lot
Sewer Public Sewer
Water Public
Architectural Style Two Story
New Construction No
Others
Special Listing Condition Owner Sale
Listed by Christian Courtney of GAC Management Group
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "