Do Real Estate on the Go!
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Do Real Estate on the Go!
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$1,550,000
22 Beds
13 Baths13 full baths
9,148sqft
2209-2211 Morehead Ave, Durham, NC 27707
$1,550,000
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Apartment
Built in 1960
$-- HOA
1.01 acres lot
$169/sq.ft
Description
Investor Opportunity - Renovated MF Near Duke | 6.75 Cap | Stable Rents | 9 Units
2 Buildings with 9 units less than 1 mile from Duke University and Downtown Durham, offering strong in-place cash flow and a 6.75% 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 pe...
- Houzeo last checked: 39 Minutes ago
- Listing updated: March 10, 2026 at 12:58 am
- 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
271
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