Located in the thriving Lakewood area, apprx. 1 mile from Downtown and Duke. All 18 units are 1 BD/1 BA floorplans, 15 have renovated interiors. Brick exterior. Roof replaced 2017. With current rents at an average of $700 per unit and in-place rents as high as $735, the buyer can realize income growth by leasing to market and renovating the last three units. Property can be purchased with neighboring 14 units at 1901 Morehead and 18 units at 2006 House. Units are submetered for water.
Off market
$1,333,700
1011 Burke St, Durham, NC 27707
--beds
0baths
1,100sqft
MultiFamily
Built in 1971
-- sqft lot
$1,333,700 Zestimate®
$1,212/sqft
$1,400 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Heat pump, Electric
Cooling
- Central
Appliances
- Included: Range / Oven, Refrigerator
Features
- Flooring: Tile, Carpet, Laminate
Interior area
- Total interior livable area: 1,100 sqft
Property
Features
- Exterior features: Brick
Lot
- Size: 0.81 Acres
Construction
Type & style
- Home type: MultiFamily
Condition
- Year built: 1971
Community & neighborhood
Location
- Region: Durham
Other
Other facts
- Flooring: Engineered Hardwoods
- Parking: Off Street Parking
- Unit 1 Information: 1 Bath, 1 Bedroom
- Unit 2 Information: 1 Bath, 1 Bedroom
- Water/Sewer: City Sewer, City Water
- Type: Apartments
- Subdivision: Not in a Subdivision
- A/C: Central Air
- Foundation: Slab
- Special Conditions: No Special Conditions
Services availability
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Estimated market value
$1,333,700