$190,000
●
House -
Off Market
2408 Owen Street
Durham, NC 27703
3 Beds
1 Bath
1,177 Ft²
$192,604
RealtyHop Estimate
1.37%
Since May 1, 2022
National-US
Primary Model
About This Property
Two 3BR/1BA Old East Durham investment properties being sold as a
package (2408 & 2410 Owen). Opportunity for rehab projects, keep as
side-by-side single-family rentals or tear down for new
construction. 2408 w/month-to-month lease ($1050/month), 2410 is
vacant to allow for showings. Relatively new heat pumps. Steps away
from Old East Durham's shops & restaurants, under 2 miles from
downtown Durham and NCCU. Tremendous amount of revitalization
currently taking place in Old East Durham- be a part of it!
Unit Size
1,177 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$161
Property Type
House
Property Taxes
$69
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 #2432720)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 30, 2022 | Sold | ||
| Sold | |||
| Apr 14, 2022 | Sold | ||
| Sold | |||
| Feb 22, 2022 | Listed by Frasher Whaley Realty Group | $190,000 | |
| Listed by Frasher Whaley Realty Group | |||
| Feb 20, 2020 | Sold | ||
| Sold | |||
| Feb 19, 2020 | Listed by Berkshire Hathaway HomeService | $125,000 | |
| Listed by Berkshire Hathaway HomeService | |||
| | |||
|
FOR COMPARABLE PURPOSES ONLY. Craftsman Bungalow in Old East Durham. Gabled front porch. Long, hip roof. Fieldstone foundation. 3 Bedrooms, 1 Bathroom. Open living space. 10' hi ceilings in front of home. Keep as a rental property- earning an 8% return on investment- flip or move in!? Poured concrete driveway. Convenient back door out to rear yard. Buyer must also buy 2410 Owen St., next door, simultaneously. A stone's throw from the East Durham Business District.
| |||
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Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Y.E. Smith
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# 2432720
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2432720
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