308-314 Howard St - Apartments FOR SALE


Durham, NC 27704- Northeast Durham
$2,375,000 USD
980-233-1490
308-314 Howard St, Durham, NC for Sale
$2,375,000 USD
Apartments - FOR SALE
1/39
null | Request Cap Rate

308-314 Howard St
Durham, NC 27704
Northeast Durham


HIGHLIGHTS

  • Consists of six (6) total units comprised of two single family homes and two duplexes within 2-miles of the center of Downtown Durham.
  • Low risk and low maintenance.

OVERVIEW

This multi-family sale consists of six (6) total units comprised of two (2) single family homes and two (2) duplexes within 2-miles of the center of Downtown Durham. This property boasts the potential for significant rental increases as Downtown Durham expands in the near future. Minimize risk and take advantage of the low maintenance costs that come along with owning new construction in a rapidly growing area. The property is fully leased out. The entire package total 10,076 heated square feet and 23 bedrooms. The breakdown of bedrooms, bathrooms, garages and heated square footage of each address is listed below: 308 Howard St - 3 Bed/2.5 Bath: 1,196 Heated Square Feet 310 Howard St: 4,005 Total Heated Square Feet: -310 A Howard St - 4 Bed/4 Bath: 1,886 Heated Square Feet (plus 237 Unheated Square foot garage) -310 B Howard St - 5 Bed/4 Bath: 2,119 Heated Square Feet 312 Howard St: 3,679 Total Heated Square Feet: -312 A Howard St - 4 Bed/4 Bath: 1,886 Heated Square Feet (plus 237 unheated square foot garage) -312 B Howard St- 4 Bed/4 Bath: 1,796 Heated Square Feet (plus 398 unheated square foot garage) 314 Howard St - 3 Bed/2.5 Bath: 1,196 Heated Square Feet These properties are intended to be sold as a package and the sellers are not interested in selling them individually. Come purchase the opportunity to start or expand your portfolio in a hot market that is only going grow as more and more tech jobs come to the Research Triangle Park metro-area.

FOR SALE DETAILS

PRICE

$2,375,000 USD

PRICE/SF

$236 USD /SF

# OF UNITS

6

PRICE/UNIT

$395,833

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2024

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

19,166 SF

ZONING

CN

APN/PARCEL ID

108779,231895,231896,231908

ASK ABOUT THIS PROPERTY

Gabe GorelickBetter Realty LLCMore Info
980-233-1490

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Gabe GorelickBetter Realty LLCMore Info
980-233-1490

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.