$125,000
●
House -
Off Market
1202 Berkeley Street
Durham, NC 27705
2 Beds
1 Bath
614 Ft²
$829
Est. Monthly
11.86%
Cap Rate
About This Property
Excellent development opportunity in Walltown! Perfect for
new construction. Also a potential renovation project or
spruce it up and keep it as a rental. Home is located within
a flood zone so flood zone building/renovation requirements would
apply (although no knowledge of previous flooding). Amazing
location close to Duke and shopping/restaurants on 9th St., Broad
St., the North Pointe area, and the soon to be redeveloped
Northgate Mall. A block from Walltown Park and Recreation
Center and quick access to I-85.
Unit Size
614 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$236
Property Type
House
Property Taxes
$117
HOA Dues
-
Year Built
1930
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Cap Rate
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: 2 years ago (TMLS #10009383)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 22, 2024 | Sold | ||
| Sold | |||
| Feb 2, 2024 | Listed by Frasher Whaley Realty Group | $145,000 | |
| Listed by Frasher Whaley Realty Group | |||
| | |||
|
Excellent development opportunity in Walltown! Perfect for new construction. Also a potential renovation project or spruce it up and keep it as a rental. Home is located within a flood zone so flood zone building/renovation requirements would apply (although no knowledge of previous flooding). Amazing location close to Duke and shopping/restaurants on 9th St., Broad St., the North Pointe area, and the soon to be redeveloped Northgate Mall. A block from Walltown Park and Recreation Center and quick access to I-85.
| |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Walltown
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: John Whaley, Frasher Whaley Realty Group
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10009383
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10009383
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