1/38
Listing Courtesy Of:
EXP Realty LLC, Jeremy Brazoban
Listing Sold By:
Movil Realty
Local Realty Services Provided By:
KW Elite Realty
Overview
What It'll Cost
Neighborhood
Similar Homes
1120 Drew, Durham, NC 27701
4 Beds
2 Baths
1120 Drew, Durham, NC 27701
Estimation provided by Keller Williams Realty Inc.
4 Beds
2 Baths
Closed
Sold
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!
Property Details
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Overview
Property Type
Duplex
Property Size
Year Built
1971
Days on Site
489 Days
HVAC
Window Unit(s), Baseboard, Electric
Parking
No
Activity History
VIEWS
SAVES
SHARES
Data provided by Keller Williams Realty, Inc.
Upcoming Open Houses
(Local time)
No open houses are currently scheduled for this property. Don't worry - you can always schedule a tour, or get additional help from your agent.
Estimated Monthly Payment
Purchase Price:
$350,000
Principal + Interest
Property Tax
Home Insurance
HOA/Condo Fee
Mortgage Insurance
Monthly Payment
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Price & Tax History
Date
Event
Price
01/26/2024
Sold
11/21/2023
Listed
(+94.44% )
03/11/2021
Sold
(+462.5% )
01/29/1998
Sold
Year
Property Tax
Assessed Value
Assessed Value is a combination of the land and additions.
2023
(+2.34% )
Land 26,707 +
Additions 74,878
2022
(+0.47% )
Land 26,707 +
Additions 74,878
2021
(+2.41% )
Land 26,707 +
Additions 74,878
2020
(+29.99% )
Land 26,707 +
Additions 74,878
2018
Land 14,837 +
Additions 56,824
The Property History data displayed is obtained from public records and/or MLS feeds from the local jurisdiction in which the applicable property is located. As kw.com cannot guarantee that all public records and MLS data is accurate and error-free, it is important that you contact your agent directly in order to obtain the most up-to-date information available.
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market snapshot
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Transit & Commute
Estimated commute times from Drew St
Car-Dependent
Walkable
Very Walkable
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