1. North Carolina
  2. Durham
  3. 2209-2211 Morehead Avenue
$1,990,000/mo

2209-2211 Morehead Avenue, Durham, NC 27707

  • 22 beds |
  • 13 baths |
  • 9,148 sqft
  • Property Icon Rental
  • Property Year Built Icon Built in 1960
  • Property Lot Size Icon1.01acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $218/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

Investor Opportunity - Renovated MF Near Duke | 5.5% Cap | Stable Rents + UpsideCharming, fully leased multifamily asset less than 1 mile from Duke University, offering strong in-place cash flow and a 5.6% cap rate. Unit mix includes rare 3BR/2BA and 2BR/2BA layouts that attract long-term tenants seeking single-family alternatives. Recent upgrades: new roof, HVAC system upgrades, drainage improvements, modernized kitchens/baths, 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.

Listing Status:
Active
Listing Office:
Compass -- Chapel Hill - Durham : 919-999-8482
Listing Agent:
Ed W Billings : 919-423-6627
MLS ID:
10102564
  • Basement: Daylight
  • Flooring: CarpetHardwoodLuxury Vinyl
  • A/C: Central Air
  • Heating: Central

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

Location

Schools Nearby

L

Lakewood Elementary School

2520 Vesson Ave, Durham, NC, 27707

Grades PK-5

0.67 miles away

L

Lakewood Montessori Middle School

2119 Chapel Hill Rd, Durham, NC, 27707

Grades 6-8

0.50 miles away

D

Dps Hospital School

Dumc Room 3605, Durham, NC, 27710

Grades PK-12

1.13 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.