$550,000
SOLD NOV 22, 2024
4 Beds
4 Baths
2,993 Sq Ft
9,148 Sq Ft Lot

Recently Sold

$184 Per Sq Ft

4% Below List Price

10 Days on Market

Highlights

  • Arts and Crafts Architecture
  • Central Heating and Cooling System
  • 4-minute walk to W.D. Hill Recreation Center
  • Tile Flooring
  • Wood Siding

About This Home

As of November 2024

This renovated quadruplex is located just south of Downtown Durham and a couple blocks north of N.C. Central University. The building underwent extensive renovations in 2017 which included interior renovations to all four units, roofing, structural repairs, updated plumbing, updated electrical, and updated HVAC systems. Every unit features attractive, one-bedroom and one-bath floorplans with quartz counters, LVP flooring, and washer dryers included. The property is 100% occupied with an average, in-place rent of $1,036 per month and market rents of $1,100. The building has been professionally managed for years and offers buyers a turnkey opportunity with rental upside.

Last Agent to Sell the Property

Reef Ivey IV

Deaton Investment Real Estate License #317890

Co-Listed By

Thomas Furlow

Deaton Investment Real Estate License #222598

Last Buyer's Agent

Avery Heilbron

Better Realty LLC License #348772

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,150

Year Built

  • Built in 1945

Home Design

  • Arts and Crafts Architecture
  • Brick Exterior Construction
  • Brick Foundation
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 2,993 Sq Ft Home
  • 2-Story Property

Flooring

  • Tile
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Parking

  • 8 Open Parking Spaces
  • Parking Lot
  • Off-Street Parking

Additional Features

  • 9,148 Sq Ft Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • The owner pays for water
  • Assessor Parcel Number 0821903953

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,150

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Year Built: 1945
  • Prop. Type: Residential Income
  • Co List Office Mls Id: 3162
  • Co List Office Phone: 919-847-1117
  • Subdivision Name: Not in a Subdivision
  • Above Grade Finished Sq Ft: 2993.0
  • Architectural Style: Arts & Crafts
  • Unit Levels: Two
  • New Construction: No
  • General Property Information Basement YN: No
  • Cooling Central Air: Yes
  • Flooring Luxury Vinyl: Yes
  • Flooring Tile: Yes
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • Levels Two: Yes
  • Foundation Details BrickMortar: Yes
  • Roof:Shingle: Yes
  • Contract Information Lease Term: Other
  • General Property Information Above Grade Finished Area: 2993.0
  • General Property Information Lot Size Square Feet2: 9147.6
  • General Property Information Lot Size Acres: 0.21
  • Architectural Style Arts Crafts: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Luxury Vinyl, Tile
  • Basement YN: No
  • Full Bathrooms: 4
  • Total Bedrooms: 4

Exterior Features

  • Roof: Shingle
  • Acres: 0.21
  • Construction Type: Brick, Wood Siding
  • Foundation Details: Brick/Mortar
  • Construction Materials:Wood Siding: Yes
  • Construction Materials:Brick: Yes

Garage/Parking

  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Open Parking: Yes
  • Parking Features: Off Street, Parking Lot
  • Parking Features:Parking Lot: Yes
  • Parking Features:Off Street: Yes
  • General Property Information:Open Parking YN2: Yes
  • General Property Information:Open Parking Spaces2: 8.0

Utilities

  • Heating: Central
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Central: Yes

Lot Info

  • Lot Size Sq Ft: 9147.6
  • ResoLotSizeUnits: Acres
  • Parcel #: 0821903953
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: Other
  • Owner Pays: Water

Tax Info

  • Tax Annual Amount: 4150.0
  • Tax Year: 2024

Map

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/22/2024 11/22/24 Sold $550,000 -4.3% $184 / Sq Ft
10/21/2024 10/21/24 Pending -- -- --
10/11/2024 10/11/24 For Sale $575,000 -- $192 / Sq Ft
Source: Doorify MLS

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Source: Doorify MLS

MLS Number: 10057711

Doorify MLS