1. North Carolina
  2. Durham
  3. 112 S Joyland Street
$640,000

112 S Joyland Street, Durham, NC 27703

  • 6 beds |
  • 4 baths |
  • 3,128 sqft
  • Property Icon Duplex
  • Property Year Built Icon Built in 1963
  • Property Lot Size Icon0.45acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $205/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

Exceptional Investment & Development Opportunity - Don't miss this rare chance to maximize value with versatility in a rapidly growing location! 112 S Joyland presents a prime opportunity for investors, developers, or owner-occupants alike.This property features two spacious 1564 SF apartments, both with 3 Bedrooms and 2 Full Baths. Both units have been fully remodeled, showcasing modern finishes, functional layouts, and separate driveways--providing privacy and convenience.Unit A is currently vacant--ideal for immediate occupancy or rental.Unit B is leased at $2,200/month, generating steady income from day one. Situated on a generous .45-acre lot, the parcel offers a potential flag lot configuration in alignment with Durham County UDO/zoning guidelines. Hire an architect to explore building an additional dwelling unit or a separate homesite--unlocking substantial added value.Additionally, there is a 40 ft x 8ft high cube container on lot that does convey: it includes a 50 Amp panel and 50 Amp 240 RV Plug.Whether you're a first-time homebuyer seeking supplemental rental income, or an investor looking to develop or expand your portfolio, this property offers exceptional flexibility and future upside. Enjoy a private oasis in the rear footprint of the lot, or capitalize on the development potential that this unique parcel presents.The combination of size, layout, zoning potential, & location makes this a superior real estate asset--one that balances immediate income with long-term growth opportunities.

Listing Status:
Active
Listing Office:
Bold Real Estate : 919-883-5500
Listing Agent:
Dana Harshaw : 917-757-3903
MLS ID:
10098489
  • General: Bedroom on Main LevelCeiling Fan(s)Double VanityEat-in KitchenGranite CountersKitchen IslandWalk-In Shower
  • Appliances: Bar FridgeDryerDishwasherFree-Standing RefrigeratorGas CooktopGas OvenMicrowaveStainless Steel Appliance(s)Washer
  • Basement: ApartmentExterior EntryFinishedHeatedSump PumpWalk-Out Access
  • Flooring: HardwoodLaminateTile
  • A/C: Central AirMulti Units
  • Heating: Floor FurnaceHeat Pump
  • Fireplace: Living RoomFireplaceFireplaces: 1

This listing courtesy of Dana Harshaw, Bold Real Estate

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

Y

Y.E. Smith Elementary School

2410 E Main St, Durham, NC, 27703

Grades PK-5

1.01 miles away

J

James E Shepard Middle School

2401 Dakota St, Durham, NC, 27707

Grades 6-8

2.97 miles away

D

Durham's Performance Learning Center

401 N Driver St, Durham, NC, 27703

Grades 9-12

1.32 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.