$272,000
●
Land -
Off Market
1406 Hull Avenue
Durham, NC 27705
Studio
0 Bath
$960
Est. Monthly
About This Property
Current Bid $272K, last day to upset bid is 9/16. New upset bid
price is $285,600 deposit is $14,280 certified funds with clerk of
court. Any funds on deposit with clerk's office cannot be used
toward closing. These funds will be returned after closing. (file#
24SP000035-310) Property within walking distance of Duke University
Campus. Commissioner's sale, all offers are subject to 10 day upset
bid period. After initial accepted offer, all upset bids MUST be
done at Clerk of Court, Special Proceedings Dept, Durham County
Court House. Any funds on deposit with the clerk's office can NOT
be used for closing. These funds will be refunds after deed is
recorded. Property sold '' as is'' along with adjoining lot at 312
Powe St to maximum '' Highest & Best Use'' Per small lot
regulations & zoning these two lots have the potential for up to 10
units.
Unit Size
-
Days on Market
-
Land Size
0.10 acres
Price per sqft
-
Property Type
Land
Property Taxes
$76
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 #10041112)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 31, 2024 | Sold | ||
| Sold | |||
| Sep 18, 2024 | In contract | - | |
| In contract | |||
| Jul 12, 2024 | Listed by Martin & Company | $180,000 | |
| Listed by Martin & Company | |||
| | |||
|
Current Bid $272K, last day to upset bid is 9/16. New upset bid price is $285,600 deposit is $14,280 certified funds with clerk of court. Any funds on deposit with clerk's office cannot be used toward closing. These funds will be returned after closing. (file# 24SP000035-310) Property within walking distance of Duke University Campus. Commissioner's sale, all offers are subject to 10 day upset bid period. After initial accepted offer, all upset bids MUST be done at Clerk of Court, Special Proceedings Dept, Durham County Court House. Any funds on deposit with the clerk's office can NOT be used for closing. These funds will be refunds after deed is recorded. Property sold '' as is'' along with adjoining lot at 312 Powe St to maximum '' Highest & Best Use'' Per small lot regulations & zoning these two lots have the potential for up to 10 units.
| |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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HOA + Taxes
About Duke University - West Campus
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Listed by: I. Jarvis Martin, Martin & Company
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10041112
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10041112
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