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 levers.
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22BEDS
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1.01ACRES
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13BATHS
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01/2 BATHS
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9,148SQFT
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$190$/SQFT
School Ratings & Info
Listing courtesy of Compass -- Chapel Hill - Durham: . © 2025 Doorify MLS, Inc. of North Carolina. All Rights Reserved. Information deemed reliable but not guaranteed.
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 levers.
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Inc. of North Carolina, Internet Data Exchange Database. Data last updated 2025-12-10T09:51:06.61.