NC > Durham > Not In A Subdivision
Durham, NC 27707,2209-2211 Morehead Avenue
Durham, NC 27707,2209-2211 Morehead Avenue
Durham, NC 27707,2209-2211 Morehead Avenue
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Found It Team

Found It Team

+1(800) 790-7576
Listed by Compass -- Chapel Hill - Durham
$1,739,000
Est. payment /mo
22 Beds
13 Baths
9,148 SqFt
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UPDATED:

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 9,148 sqft

Price per Sqft $190

Subdivision Not In A Subdivision

MLS Listing ID 10102564

Style Multi Family

Bedrooms 22

Full Baths 13

HOA Y/N No

Abv Grd Liv Area 9,148

Year Built 1960

Annual Tax Amount $12,565

Lot Size 1.010 Acres

Acres 1.01

Property Sub-Type Apartment

Source Triangle MLS

Property Description

Investor Opportunity - Renovated MF Near Duke | 6.2% Cap | Stable Rents | 9 Units

2 Buildings with 9 units less than 1 mile from Duke University, offering strong in-place cash flow and a 6.2% 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 in some units, drainage improvements, modernized kitchens/baths in various units, 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.

Location

State NC

County Durham

Zoning RS-M

Direction Chapel Hill Road to Left on Morehead. Property is on the left.

Rooms

Basement Daylight

Interior

Heating Central

Cooling Central Air

Flooring Carpet, Hardwood, Vinyl

Exterior

View Y/N Yes

Roof Type Shingle

Private Pool No

Building

Faces Chapel Hill Road to Left on Morehead. Property is on the left.

Foundation Brick/Mortar

Sewer Public Sewer

Water Public

Structure Type Brick Veneer

New Construction No

Others

Senior Community No

Tax ID 0821056967 and 0821055967

Special Listing Condition Standard

Read Less Info
Doorify MLS / Triangle MLS

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2209-2211 Morehead Avenue

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