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1729-1735 Morehead Ave

4 Unit Apartment Building $750,000 ($187,500/Unit) 4.69% Cap Rate Durham, NC 27707

Apartment Buildings North Carolina Durham 1729-1735 Morehead Ave, Durham, NC 27707

Executive Summary

Cash flowing 4-plex
Fully Occupied

Attachments

Rent Roll 1733 Morehead NC

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes - -
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $750,000 Building Class C
Price Per Unit $187,500 Lot Size 0.32 AC
Sale Type Investment Building Size 4,048 SF
Cap Rate 4.69% No. Stories 2
No. Units 4 Year Built 1960
Property Type Multifamily Parking Ratio 1.73/1,000 SF
Property Subtype Apartment Cross Streets Chapel Hill Rd
Apartment Style Garden
Price $750,000
Price Per Unit $187,500
Sale Type Investment
Cap Rate 4.69%
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 0.32 AC
Building Size 4,048 SF
No. Stories 2
Year Built 1960
Parking Ratio 1.73/1,000 SF
Cross Streets Chapel Hill Rd

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 1 $849.00 500
2+1 2 $1,223 867 - 879
1+1 1 $895.00 790
1 of 1
Bike Score®
Very Bikeable (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 108514 Improvements Assessment $340,647 (2024)
Land Assessment $50,000 (2024) Total Assessment $390,647 (2024)

PROPERTY TAXES

Parcel Number
108514
Land Assessment
$50,000 (2024)
Improvements Assessment
$340,647 (2024)
Total Assessment
$390,647 (2024)

zoning

Zoning Code A16
A16
(480) 588-4805

Contact

  • Listing ID: 32697850

  • Date on Market: 8/5/2024

  • Last Updated:

  • Address: 1729-1735 Morehead Ave, Durham, NC 27707

More public record information on 1729-1735 Morehead Ave, Durham, NC 27707

The South Durham Multifamily Property at 1729-1735 Morehead Ave, Durham, NC 27707 is currently available. Contact Perkinson Properties for more information.

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1729-1735 Morehead Ave
(480) 588-4805 x

1729-1735 Morehead Ave

Danny Perkinson

(480) 588-4805

(480) 588-4805

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