$275,000
- 3 Beds
- 2.5 Baths
- 1,568 Sq Ft
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Allen Wyde
Pinnacle Realty
(984) 254-5929
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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
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Rougemont, North Carolina, is a rural area known for its hilly, red clay land, situated just north of Durham. The community spans ZIP codes in Durham, Person, Orange, and Granville counties, emphasizing a close-knit atmosphere with regular community events like trash cleanups and ice cream socials organized by the Rougemont Ruritan Club. Homes in Rougemont, including farmhouses, split-level, and ranch-style properties, are spread out on spacious lots averaging nearly 2 acres, offering residents seclusion without isolation. The only planned subdivision, Red Mountain, features Modern Farmhouses and Colonial Revivals on oversized lots. Students attend Durham Public Schools, with Mangum Elementary School being highly rated. Recreational activities in Rougemont include hunting and fishing at local ponds and rivers, with Little River Regional Park & Natural Area providing campsites, trails, and a playground. Other popular spots include Lake Winds Golf Course and Orange County Speedway. Horse farms like Hidden Hill Farm and Black Horse Run offer boarding and riding lessons. For shopping and dining, residents often drive to nearby Roxboro, Timberlake, and Durham, with Route 501 providing easy access to these areas. Rougemont has a lower crime risk compared to the national average, making it a safer place to live.
On average, homes in Rougemont, NC sell after 45 days on the market compared to the national average of 55 days. The median sale price for homes in Rougemont, NC over the last 12 months is $480,000, up 23% from the median home sale price over the previous 12 months.