$370,000
●
House -
Off Market
2521 Shenandoah Avenue
Durham, NC 27704
2 Beds
1 Bath,
1
Half Bath
978 Ft²
$2,098
Est. Monthly
4.62%
Cap Rate
About This Property
Tucked in the heart of popular Northgate Park, this darling
dollhouse pairs historic charm with modern amenities. Fully
renovated in 2010 by Riverbank Custom Homes, the 1948-built home
features fiber cement siding, stainless-steel appliances, a
refinished all-wood staircase, gutters with guards, and a brick
herringbone patio. More recent updates include new light fixtures,
eco-friendly flooring, fresh interior paint, a new stove and
washing machine, a custom drainage system, and a brand-new
dual-zone HVAC. In spring and summer, enjoy roses, peonies, and
hydrangeas blooming around the home, or follow the garden path to a
wired workshop that matches the house-perfect for woodworking, art,
or pottery. With the potential to renovate the workshop into an
ADU, plus a deep backyard shaded by mature trees, the property
offers both beauty and opportunity. Just 10 minutes from Duke and
walkable to the Museum of Life and Science, Redstart Foods, Durham
Central Park, and the Farmers Market, this home is the ideal blend
of retreat and connection.
Unit Size
978 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$373
Property Type
House
Property Taxes
$305
HOA Dues
-
Year Built
2007
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Cap Rate Calculator
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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 #10122928)
Price History
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
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
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Sold On
Sold On
HOA + Taxes
About Northgate Park
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Listed by: Courtney Dunstan, Nest Realty of the Triangle
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10122928
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10122928
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