1. North Carolina
  2. Durham
  3. 1911 Morehead Avenue
$749,000

1911 Morehead Avenue, Durham, NC 27707

  • 8 beds |
  • 4 baths |
  • 3,360 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1961
  • Property Lot Size Icon9,148sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $223/sqft
  • Property List Date Icon Listed 27 days ago

Property Description

Prime Durham Location Near Duke | Fully Leased Quad | 5.5% Cap RateLocated less than a mile from Duke University, this fully leased, turnkey quadplex offers walkable convenience in one of Durham's most in-demand rental corridors. Major renovations completed in 2022-2023 include new HVAC systems, plumbing upgrades, and interior/exterior enhancements. Lower units (1911 & 1913) feature updated kitchens with IKEA cabinetry, butcher block counters, new appliances, tiled baths, custom desks, and washer/dryer installs. Upper units (1915 & 1917) include walk-in showers, vinyl flooring, refinished hardwoods, and updated finishes. Strong in-place rents and a 5.5% cap rate make this an ideal low-maintenance investment.

Listing Status:
Active
Listing Office:
Compass -- Chapel Hill - Durham : 919-999-8482
Listing Agent:
Ed W Billings : 919-423-6627
MLS ID:
10102040
  • Flooring: Hardwood
  • A/C: Central Air
  • Heating: ElectricForced Air

This listing courtesy of Ed W Billings, Compass -- Chapel Hill - Durham

Monthly Payment

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

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Location

Schools Nearby

L

Lakewood Elementary School

2520 Vesson Ave, Durham, NC, 27707

Grades PK-5

0.77 miles away

L

Lakewood Montessori Middle School

2119 Chapel Hill Rd, Durham, NC, 27707

Grades 6-8

0.51 miles away

D

Dps Hospital School

Dumc Room 3605, Durham, NC, 27710

Grades PK-12

1.20 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.

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