Do Real Estate on the Go!
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$1,739,000
22 Beds
13 Baths13 full baths
9,148sqft
2209-2211 Morehead Ave, Durham, NC 27707
$1,739,000
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Apartment
Built in 1960
$-- HOA
1.01 acres lot
$190/sq.ft
Description
Investor Opportunity - Renovated MF Near Duke | 6.2% Cap | Stable Rents | 9 Units
2 Buildings with 9 units less than 1 mile from Duke University, offering strong in-place cash flow and a 6.2% cap rate. Unit mix includes rare 3BR/2BA and 2BR/1BA layouts that attract long-term tenants seeking single-family alternatives. Recent upgrades: new roof, HVAC system upgrades in some units, drainage improvements, modernized kitchens/baths in various units, and selective interior renovations (hardwoods, appliances, reconfigured closets). Additional Low turnover, proven rental history, and walkable yet private setting. Ideal for investors seeking stable performance with value-add ...
- Houzeo last checked: 22 Minutes ago
- Listing updated: December 3, 2025 at 11:10 pm
- Listing Provided by: Ed W Billings (919) 423-6627 DRE #201236, Brooke Gelhaus DRE #352774 | Compass -- Chapel Hill - Durham (919) 999-8482
- Source: Doorify MLS-NC | MLS#: 10102564
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
--
Year Built
1960
HOA Fees
-
Finished Area
9,148 sqft
Lot Size
1.01 acres lot
Basement Area
- sqft
MLS Name
Doorify MLS
MLS Number
10102564
MLS Status
Active
Days on Market
176
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