$438,900
●
House -
Off Market
1302 Broad Street
Durham, NC 27705
4 Beds
2 Baths
1,937 Ft²
$2,451
Est. Monthly
6.16%
Cap Rate
About This Property
Wonderful opportunity to make this historic home in
Watts-Hillandale your own! Spacious and functional floor plan
with beautiful hardwood floors downstairs and upstairs.
Primary bedroom downstairs with three bedrooms upstairs.
Many updates within the last few years including roof,
furnace, hot water heater, and more. In O/I zoning so uses
beyond residential are available- office, condos, etc. Within
Watts-Hillandale National and Local Historic Districts- potential
tax credits available with renovation. Amazing location
across the street from NC School of Science and Math, right by all
of the restaurants and shops on Broad and 9th streets, and five
blocks from Duke East Campus.
Unit Size
1,937 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$232
Property Type
House
Property Taxes
$245
HOA Dues
-
Year Built
1915
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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 #10041982)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 30, 2024 | Sold | ||
| Sold | |||
| Aug 24, 2024 | In contract | - | |
| In contract | |||
| Jul 18, 2024 | Listed by Frasher Whaley Realty Group | $449,000 | |
| Listed by Frasher Whaley Realty Group | |||
| | |||
|
Wonderful opportunity to make this historic home in Watts-Hillandale your own! Spacious and functional floor plan with beautiful hardwood floors downstairs and upstairs. Primary bedroom downstairs with three bedrooms upstairs. Many updates within the last few years including roof, furnace, hot water heater, and more. In O/I zoning so uses beyond residential are available- office, condos, etc. Within Watts-Hillandale National and Local Historic Districts- potential tax credits available with renovation. Amazing location across the street from NC School of Science and Math, right by all of the restaurants and shops on Broad and 9th streets, and five blocks from Duke East Campus.
| |||
| Nov 30, 2009 | Sold | ||
| Sold | |||
| Aug 24, 2009 | Sold | ||
| Sold | |||
Property Highlights
Parking Available
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
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Type
Beds
Baths
ft²
Price/ft²
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HOA + Taxes
About Watts Hospital-Hillandale
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# 10041982
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10041982
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