2209-2211 Morehead Avenue, Durham, NC 27707
- Beds
- 22
- Baths
- 13
- Sqft
- 9,148
View property features, location on map, relevant school information and overview from seller's agent.
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Overview
Investor Opportunity - Renovated MF Near Duke | 6.75 Cap | Stable Rents | 9 Units
2 Buildings with 9 units less than 1 mile from Duke University and Downtown Durham, offering strong in-place cash flow and a 6.75% cap rate. Unit mix includes rare 3BR/2BA and 2BR/1BA layouts that attract long-term tenants seeking single-family alternatives.
Recent upgrades: new roof, HVAC system upgrades in some units, drainage improvements, modernized kitchens/baths in various units, and selective interior renovations (hardwoods, appliances, reconfigured closets). Additional Low turnover, proven rental history, and walkable yet private setting. Ideal for investors seeking stable performance with value-add levers.
Location
Full feature list
Basic info
- Property type
- Condo/Co-op
- Number of bedrooms
- 22
- Number of bathrooms
- 13
- Square feet
- 9,148
- Lot size (acres)
- 1.01
- Year built
- 1960
Interior features
- Basement
- Yes
Utilities
- Heating
- Central
- Cooling
- Central air
- Sewer
- Public sewer
- Water
- Public
Taxes
- Tax Annual Amount (2024)
- $12,565
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®#: 10102564 Last checked: …
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