SVN | Real Estate Associates is pleased to present the opportunity to acquire two apartment complexes with a total of nine units in the fast growing Durham area at the border of Lakewood Park, an up-and-coming neighborhood. This rare value-add opportunity would be an ideal acquisition for a new investor or for a local investor looking to add to their portfolio. The property is a five-minute drive from downtown Durham, which continues to experience an incredible transformation with projects both under construction and planned to further expand its base of residential, retail, office, and life science spaces.
Sold for $1,375,000
$1,375,000
2209 & 221 Morehead Ave, Durham, NC 27707
--beds
--baths
--sqft
Apartment, Multi Family
Built in 1960
-- sqft lot
$1,051,400 Zestimate®
$--/sqft
$1,595 Estimated rent
Home value
$1,051,400
$841,000 - $1.34M
$1,595/mo
Zestimate® history
Owner options
List your home for rent
$1,595/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$1,595/mo
Rent Zestimate®
Refinance and save
$8,110/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$8,110/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
SETH Jernigan 919-475-7080,
Real Estate Associates, Inc.
Bought with:
Isabelle Apel, 276523
Compass - Durham
Source: Doorify MLS,MLS#: 2505156
Facts & features
Interior
Heating
- Propane
Cooling
- Central Air
Features
- Flooring: Carpet, Hardwood, Vinyl
Interior area
- Total structure area: 0
Property
Parking
- Parking features: Off Street
Features
- Has view: Yes
Details
- Zoning: RS-M
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Apartment, Multi Family
Materials
- Brick
- Foundation: Brick/Mortar
Condition
- New construction: No
- Year built: 1960
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Not in a Subdivision
Location
- Region: Durham
Financial & listing details
- Annual tax amount: $11,643
- Date on market: 4/14/2023
- Lease term: 3 To 6 Months
Price history
| Date | Event | Price |
|---|---|---|
| 9/8/2023 | Sold | $1,375,000-5.2% |
Source:  Doorify MLS #2505156 Report a problem | ||
| 6/27/2023 | Pending sale | $1,450,000 |
Source: Doorify MLS #2505156 Report a problem | ||
| 5/23/2023 | Price change | $1,450,000-12.1% |
Source: Doorify MLS #2505156 Report a problem | ||
| 4/14/2023 | Listed for sale | $1,650,000 |
Source: Doorify MLS #2505156 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Anderson St. / Wrightwood Park
Nearby homes
- $585,6002 bd1 ba-- sqft2211 Morehead Ave APT 01, Durham, NC 27707Off Market
- $--2 bd1 ba800 sqft2211 Morehead Ave APT 04, Durham, NC 27707Off Market
- $--3 bd2 ba1.1k sqft2211 Morehead Ave APT 03, Durham, NC 27707Off Market
- $--2 bd1 ba800 sqft2211 Morehead Ave APT 1, Durham, NC 27707Off Market
- $562,0003 bd2 ba1.6k sqft2213 Morehead Ave, Durham, NC 27707Off Market
- $508,5002 bd2 ba-- sqft2209 Morehead Ave APT 05, Durham, NC 27707Off Market
- $560,9003 bd2 ba-- sqft2209 Morehead Ave APT 04, Durham, NC 27707Off Market
- $585,6002 bd1 ba-- sqft2209 Morehead Ave APT 03, Durham, NC 27707Off Market
Nearby schools
GreatSchools rating
- 3/10Lakewood ElementaryGrades: PK-5Distance: 0.7 mi
- 10/10Lakewood Montessori Middle SchoolGrades: 6-8Distance: 0.5 mi
- 4/10Charles E Jordan Sr High SchoolGrades: 9-12Distance: 5.1 mi
Schools provided by the listing agent
- Elementary: Durham - Lakewood
- Middle: Durham - Brogden
- High: Durham - Jordan
Source: Doorify MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,051,400
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,051,400
- North Carolina
- Durham County
- Durham
- 27707
- Anderson St. / Wrightwood Park
- 2209 & 221 Morehead Ave
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Durham Topics
