Bought with Compass - Durham
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2209 & 221 Morehead Avenue Durham, NC 27712
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Key Details
Sold Price $1,375,000
Property Type Single Family Home
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision Not In A Subdivision
MLS Listing ID 2505156
Sold Date 09/08/23
Year Built 1960
Annual Tax Amount $11,643
Property Sub-Type Apartment
Source Triangle MLS
Property Description
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.
Location
State NC
County Durham
Zoning RS-M
Direction Take Chapel Hill Road to Anderson Street and then a right on Morehead Avenue. Property is on your right.
Interior
Heating Propane
Cooling Central Air
Flooring Carpet, Hardwood, Vinyl
Exterior
View Y/N Yes
Garage No
Private Pool No
Building
Faces Take Chapel Hill Road to Anderson Street and then a right on Morehead Avenue. Property is on your right.
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction No
Schools
Elementary Schools Durham - Lakewood
Middle Schools Durham - Brogden
High Schools Durham - Jordan
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