Description
Multifamily 8 bed, 4 bath apartment building for sale. Located in the Albright neighborhood steps from the Golden Belt District and within walking distance to downtown Durham, each spacious unit of this 3,780 sq ft, 4-unit building offers two large bedrooms with each MB containing a large walk-in closet. Each apartment includes in-unit laundry facilities. One unit is completely renovated with the other three in different stages of remodel. When the renovation of each unit is complete, they will be rented starting around $1,400 per month based on amenities. As ongoing improvements are completed, the asking price for the property will increase accordingly. The property has 4 existing units but is zoned for 5+ units. A new roof was installed in 2021. The area surrounding the property has either already been modernized or is undergoing a revitalization. There is substantial profit potential for this property in its current state or to be reimagined in a new configuration as a condo community or commercial mixed use as part of neighborhood revitalization.
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0BEDS
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0.2ACRES
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0BATHS
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01/2 BATHS
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3,780SQFT
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$185$/SQFT
School Information
Listing courtesy of Usrealty.Com, Llp: [IDXCONTACTINFORMATION]. © 2023 Triangle MLS, Inc. of North Carolina. All Rights Reserved. Information deemed reliable but not guaranteed.
Description
Multifamily 8 bed, 4 bath apartment building for sale. Located in the Albright neighborhood steps from the Golden Belt District and within walking distance to downtown Durham, each spacious unit of this 3,780 sq ft, 4-unit building offers two large bedrooms with each MB containing a large walk-in closet. Each apartment includes in-unit laundry facilities. One unit is completely renovated with the other three in different stages of remodel. When the renovation of each unit is complete, they will be rented starting around $1,400 per month based on amenities. As ongoing improvements are completed, the asking price for the property will increase accordingly. The property has 4 existing units but is zoned for 5+ units. A new roof was installed in 2021. The area surrounding the property has either already been modernized or is undergoing a revitalization. There is substantial profit potential for this property in its current state or to be reimagined in a new configuration as a condo community or commercial mixed use as part of neighborhood revitalization.
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Inc. of North Carolina, Internet Data Exchange Database. Data last updated 2023-06-02T23:52:02.93.