$198,000
●
House -
Off Market
1207 Drew Street
Durham, NC 27701
1 Bed
1 Bath
874 Ft²
$208,008
RealtyHop Estimate
4.00%
Since Oct 1, 2022
National-US
Primary Model
About This Property
Welcome to this 1920's bungalow in the heart of Bull City. This
home features the original wood ceilings, open floor plan and an
updated kitchen. Second flex room can be used as bedroom. Enjoy the
large fenced in backyard and deck for entertaining. Minutes away
from downtown Durham and Duke. Easy access to Southpoint Mall and
Research Triangle Park!
Unit Size
874 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$229
Property Type
House
Property Taxes
$173
HOA Dues
-
Year Built
1920
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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 #2464021)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 20, 2022 | Sold | ||
| Sold | |||
| Jul 22, 2022 | Listed by RE/MAX United | $200,000 | |
| Listed by RE/MAX United | |||
| Jun 15, 2021 | Sold | ||
| Sold | |||
| May 20, 2021 | Listed by EXP Realty LLC | $185,000 | |
| Listed by EXP Realty LLC | |||
| | |||
|
Sweet Bungalow, ready for you to move in today! We love the original mixed with the new. Plenty of features of modern convenience and loads of character from the home's original bones from 1920. One of the best features? The large fenced in backyard with a sweet deck spot for summer grillin' Don't miss this opportunity to own your own little piece of downtown Durham just in time for summer baseball evenings!
| |||
| Mar 26, 2021 | No longer available | - | |
| No longer available | |||
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Property Highlights
Parking Available
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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ft²
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About Durham
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Listed by: Becca Ferris, RE/MAX United
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2464021
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2464021
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