1105 Morehead Ave, Durham, NC 27707
- Beds
- 4
- Baths
- 2
- Sqft
- 1,600
View property features, location on map, relevant school information and overview from seller's agent.
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Overview
This duplex presents an opportunity to acquire an entry-level multifamily investment in Durham at a basis well below recent duplex sales in the surrounding market. New roof in 2024. The property features 2-bedroom units on each side. One unit is occupied at $735/month providing in-place income and the second unit vacant and ready for renovation and lease-up. This tenant is on a month-to-month lease and originally occupied in 2022. Investors can improve the vacant side while offsetting carrying costs through existing rental income, creating a clear path to increased cash flow and long-term value through stabilization of both units. Projected market rents are $1150 per unit. Selling ''as is''
Location
Full feature list
Basic info
- Property type
- Multi-family
- Number of bedrooms
- 4
- Number of bathrooms
- 2
- Square feet
- 1,600
- Lot size (acres)
- 0.16
- Year built
- 1975
Interior features
- Laundry
- Washer Hookup
Utilities
- Heating
- Baseboard
- Cooling
- Wall Units
- Sewer
- Public Sewer
- Water
- Public Water
Taxes
- Tax Annual Amount (2025)
- $3,310.80
Public schools
Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.
Sourced from: Triangle MLS MLS®#: 10174164 Last checked: …

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