Under contract

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.

Listed byDeaton Investment Real Estate
  • 0
  • 0

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

Loading

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:

Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. Information Not Guaranteed. Copyright 2026 Triangle MLS, Inc. of North Carolina. All rights reserved.