$349,999
●
House -
Off Market
2209 Ashe Street
Durham, NC 27703
3 Beds
2 Baths
1,199 Ft²
$1,853
Est. Monthly
6.40%
Cap Rate
About This Property
Prepare to be enchanted by this fully renovated 3-bedroom,
2-bathroom ranch-style haven, where modern meets charm. You'll be
greeted by a spacious great room, perfect for both lively
gatherings and quiet nights of relaxation. The heart of this home
lies in its kitchen, suited with a graciously sized quartz
countertop island that will redefine the way you entertain while
providing plenty of space for cooking. Throughout this haven you'll
find elegant accents of black and gold that draw in a modern feel
while the new flooring and fresh paint preserves the home's classic
ranch-style charm that is lit up by the abundance of natural light
that beams throughout this entire haven. Outside you will discover
a back porch, an inviting space for outdoor cooking or relaxation
complete with a convenient driveway. All conveniently situated just
two miles from downtown Durham, this home offers the perfect blend
of entertainment and serene quiet living on a corner lot. Don't let
this perfect opportunity of convenient location and modern charm
slip away.
Unit Size
1,199 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$292
Property Type
House
Property Taxes
$134
HOA Dues
-
Year Built
2018
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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 #10015624)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 21, 2024 | Sold | ||
| Sold | |||
| Mar 7, 2024 | Listed by Redfin Corporation | $349,999 | |
| Listed by Redfin Corporation | |||
| Dec 28, 2023 | Sold | ||
| Sold | |||
| Oct 19, 2023 | Listed by Jordan Lee Real Estate | $250,000 | |
| Listed by Jordan Lee Real Estate | |||
| | |||
|
Easiest FLIP EVER! DOWNTOWN DURHAM! Built in 2018. Just gut the interior and throw in LVP floors, cabinets & fixtures, drywall & paint and you are DONE! Property is only 5 years old making this downtown Durham flip QUICK AND EASY! Property conveys as-is, where-is, including any personal property.
| |||
| Feb 29, 2016 | Sold | ||
| Sold | |||
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Property Highlights
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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ft²
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About Y.E. Smith
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Listed by: Pat Sosa, Redfin Corporation
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10015624
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10015624
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