Turnkey brick duplex in Durham's sought-after Lakewood Park neighborhood offering immediate cash flow. Both units are occupied with separately-metered, tenant-paid utilities. Each unit features hardwood floors, granite countertops, stainless steel appliances, tile tub surrounds, and in-unit laundry hookups. Separate entrances, individual porches, separate water heaters per unit, and off-street parking round out this well-appointed, low-maintenance asset. Roof is in great condition. Currently generating $2,670/month ($32,040/year) in gross rent with both tenants eligible for auto-renewal. Professionally managed and well maintained. Positioned just 6 minutes from downtown Durham, 4 minutes from Duke University, 16 minutes from RDU International Airport, and 18 minutes from Chapel Hill, this location ensures consistent rental demand. This property is being offered as a package with 1214 Rosedale Avenue (MLS #10164203; listed at $406,000) for a combined asking price of $820,000. This is an uncommon opportunity to acquire two turnkey income-producing duplexes on the same street.
49 days
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158
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16
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Zillow last checked:
Listing updated:
Listed by:
Brandon Vanderford919-314-7668,
Redwood Properties LLC
Source: Doorify MLS,MLS#: 10172820
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 4
Bathrooms: 2
Full bathrooms: 2
Heating
Natural Gas
Cooling
Attic Fan, Central Air, Electric
Appliances
Included: Cooktop, Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator, Stainless Steel Appliance(s), Washer/Dryer
Laundry: Electric Dryer Hookup, Laundry Closet, Main Level, Washer Hookup
Features
Granite Counters, High Speed Internet
Flooring: Hardwood, Tile
Has fireplace: No
Common walls with other units/homes: 1 Common Wall, End Unit, No One Above, No One Below
Interior area
Total structure area: 1,612
Total interior livable area: 1,612 sqft
Finished area above ground: 1,612
Finished area below ground: 0
Property
Parking
Total spaces: 4
Parking features: Gravel, Off Street, On Street, Shared Driveway
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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