$510,000
●
House -
Off Market
1104 Arnette Avenue
Durham, NC 27707
3 Beds
2 Baths
1,277 Ft²
$9,996
Est. Monthly
-13.89%
Cap Rate
About This Property
Charming Restored Millhouse in Morehead Hills!
Step into this beautifully renovated 1920s bungalow, where historic charm meets modern elegance. This delightful home has been thoughtfully updated while preserving its original character, including high ceilings with classic beadboard and distinctive wood lap siding.
The heart of the home is a stunning kitchen, illuminated by skylights, perfect for culinary adventures and gathering with loved ones. The spacious primary suite boasts double vanities, offering a luxurious retreat. A dedicated laundry room adds convenience, while two versatile secondary bedrooms provide flexible options for a home office, study, or guest rooms.
Located in the coveted priority walk zone for Morehead Montessori Elementary School, this home offers both convenience and community. Enjoy a leisurely 10-minute walk to the Tobacco Campus, where the exciting ATC expansion promises an additional 700,000+ sq. ft. of retail, office, entertainment, AND a grocery store!!
Don't miss this rare opportunity to own a piece of history with all the comforts of contemporary living!
Step into this beautifully renovated 1920s bungalow, where historic charm meets modern elegance. This delightful home has been thoughtfully updated while preserving its original character, including high ceilings with classic beadboard and distinctive wood lap siding.
The heart of the home is a stunning kitchen, illuminated by skylights, perfect for culinary adventures and gathering with loved ones. The spacious primary suite boasts double vanities, offering a luxurious retreat. A dedicated laundry room adds convenience, while two versatile secondary bedrooms provide flexible options for a home office, study, or guest rooms.
Located in the coveted priority walk zone for Morehead Montessori Elementary School, this home offers both convenience and community. Enjoy a leisurely 10-minute walk to the Tobacco Campus, where the exciting ATC expansion promises an additional 700,000+ sq. ft. of retail, office, entertainment, AND a grocery store!!
Don't miss this rare opportunity to own a piece of history with all the comforts of contemporary living!
Unit Size
1,277 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$380
Property Type
House
Property Taxes
$7,614
HOA Dues
-
Year Built
1920
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100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 3 years ago (TMLS #10049726)
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About Morehead Hill
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Listed by: Jeff Goldman, Nest Realty of the Triangle
Last Updated: 3 years ago
Data Source: TMLS, MLS# 10049726
Last Updated: 3 years ago
Data Source: TMLS, MLS# 10049726
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