$265,000
●
House -
Off Market
2604 Highland Avenue
Durham, NC 27704
2 Beds
1 Bath
875 Ft²
$381,448
RealtyHop Estimate
41.33%
Since Jun 1, 2020
National-US
Primary Model
About This Property
NORTHGATE PARK BUNGALOW with accessory dwelling opportunity with a
massive detached garage/workshop/future apartment! Our mission is
to take an existing home update it AND resell it for less than
300K.We know all buyers can't afford 500K We know buyers can't
always afford to do updating.We have done some of the work for you
and kept it affordable. This little gem w/gorgeous kitchen,
original hardwood floors refinished, open, spacious and bright
w/36x9 covered front porch can be yours!
Unit Size
875 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$308
Property Type
House
Property Taxes
$169
HOA Dues
-
Year Built
1946
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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 #2308729)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 7, 2024 | Sold | ||
| Sold | |||
| Oct 19, 2024 | In contract | - | |
| In contract | |||
| Oct 10, 2024 | Listed by Inhabit Real Estate | $395,000 | |
| Listed by Inhabit Real Estate | |||
| | |||
|
You'll be living the high life in this cheerful bungalow located in the heart of Northgate Park. This house was elevated from humble roots in 2020 to feature an open floor plan - a rarity for a house in the area. A smart and functional kitchen and living area combination uplevels the house into a space perfect for entertaining, or if the need to have introvert time raises its head, a cozy spot to nest to catch up on the Netflix queue. Now that the weather has turned to cooler days, you will be on cloud nine sipping your beverage of choice while sitting on the screened porch watching the leaves hit peak colors. This home also stands heads and shoulders above the competition due to the spacious and modern studio out back - it's sure to rise nearly every occasion you can throw at it, be it as a guest room, office, music studio, gym; or sports + party cave. The back yard is spacious and fenced, which when taken altogether with the house, presents a mini-commune vibe but without the commute distance to town for supplies.
| |||
| May 15, 2020 | Sold | ||
| Sold | |||
| Mar 18, 2020 | Listed by EXP Realty LLC | $269,900 | |
| Listed by EXP Realty LLC | |||
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Property Highlights
Parking Available
Garage
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Northgate Park
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Listed by: Mary Kelly, EXP Realty LLC
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2308729
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2308729
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