1. North Carolina
  2. Durham
  3. 208 E Geer Street
$395,000

208 E Geer Street, Durham, NC 27701

  • 4 beds |
  • 2 baths |
  • 1,490 sqft
  • Property Icon Duplex
  • Property Year Built Icon Built in 1958
  • Property Lot Size Icon0.26acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $265/sqft
  • Property List Date Icon Listed 4 days ago

Property Description

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)

Listing Status:
Active
Listing Office:
Deaton Investment Real Estate : 919-847-1117
Listing Agent:
Thomas Furlow : 919-412-3913
MLS ID:
10095867
  • Flooring: HardwoodTileVinyl
  • A/C: Window Unit(s)
  • Heating: Electric

This listing courtesy of Thomas Furlow, Deaton Investment Real Estate

Monthly Payment

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

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Location

Schools Nearby

E

Eastway Elementary School

610 N Alston Ave, Durham, NC, 27701

Grades PK-5

0.92 miles away

D

Durham School of the Arts

401 N Duke St, Durham, NC, 27701

Grades 6-12

0.79 miles away

D

Durham School of the Arts

401 N Duke St, Durham, NC, 27701

Grades 6-12

0.79 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.