506 N Hyde Park Avenue, Durham, NC 27703

House Hack Alert! Rare Duplex find in classic downtown Durham neighborhood. Live on one side. In 13-15 months rent it out, and repeat to your next property. It gets even better with an owner occupied downpayment of 3.5% FHA or 5% Conventional. Plus, you can use the current rent to qualify for the loan!

Welcome to this stunning duplex, a rare gem near downtown Durham! Perfectly blending modern amenities with classic charm, this 2-bedroom, 2-bath property offers 1505 sqft of meticulously renovated living space.

Step into Side B to explore its potential as a comfortable home or lucrative investment. Side A, currently leased at $1075/month, features a total renovation with brand new electrical, plumbing, floors, cabinets, and bathroom, making it move-in ready. Both units benefit from updated individual electrical panels with breakers and grounding (2020), ensuring safety and efficiency. Enjoy year-round comfort with a new HVAC system (2019) and new ducts (2023). A new 50-gallon hot water heater (2022) ensures you'll never run out of hot water. Additionally, the roof was replaced in 2024, providing peace of mind for years to come.

Ideal for homeowners and investors alike, this duplex presents a fantastic opportunity, especially as an owner-occupied space. Live in one unit while generating rental income from the other, maximizing your investment potential. This duplex is a stone's throw from the vibrant heart of Durham, offering unparalleled convenience and potential.

Viewings will be focused on Side B, with Side A available for showing upon an acceptable offer. A full list of all renovations and maintenance can be found in the documents. Don't miss this opportunity to own a piece of prime real estate in one of the most desirable locations in the city!

I have preferred lenders if you need to speak to anyone about qualifying using the rent to decrease your debt to income ratio!