Sold

208 E Geer Street, Durham, NC 27701

Beds
4
Baths
2
Sqft
1,490

View property features, location on map, relevant school information and overview from seller's agent.

Listed byDeaton Investment Real Estate
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Overview

Brick duplex near downtown Durham offering a value-add opportunity in the path of progress near Durham's thriving and diverse economic core. Built in 1958, the one-story duplex features identical 2-bed, 1-bath floor plans and sits on a large, deep lot of .26 acres. The land offers the potential to realize significant value creation. It allows for multiple expansion opportunities to the existing building, the building of an ADU, or potentially redevelopment with additional units. Located in a rapidly evolving neighborhood, there are high-end, new construction homes in all directions. The current rents are below market and could be raised to $1,400-$1,500 per unit with strategic renovations and updates. Unit A = $1,095. Unit B = $940 (tenant 10+ years)

Location

Full feature list

Basic info

Property type
Multi-family
Number of bedrooms
4
Number of bathrooms
2
Square feet
1,490
Lot size (acres)
0.26
Year built
1958

Utilities

Heating
Electric
Cooling
Window unit(s)
Sewer
Public sewer
Water
Public

Taxes

Tax Annual Amount (2024)
$2,579

Public schools

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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®#: 10095867 Last checked:

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