$295,000
●
House -
Off Market
2607 Vineyard Street
Durham, NC 27707
2 Beds
1 Bath
1,250 Ft²
$1,694
Est. Monthly
5.49%
Cap Rate
About This Property
Amazing investment opportunity or make this Tuscaloosa-Lakewood
cottage your own! Great potential and a terrific location.
Many charming features such as hardwood floors, moldings, and
living room mantle. Could be spacious 2-bedroom with office
or back room could serve as a 3rd bedroom. Check out the back
yard for a potential ADU. Seller owns 2605 Vineyard as well
and is open to selling both as a package. A lot of
possibilities with buying both- 2 renovation projects, 2 rentals
next to each other, renovate/live in one and rent the other, or
explore the development opportunities with two properties side by
side. Terrific location only a couple of blocks away from all
of the restaurants on Durham-Chapel Hill Blvd and less than 3 miles
to Duke, Durham Bulls, American Tobacco Campus, and everything
downtown Durham has to offer!
Unit Size
1,250 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$236
Property Type
House
Property Taxes
$245
HOA Dues
-
Year Built
1947
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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 #10073894)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 11, 2025 | Sold | ||
| Sold | |||
| Feb 25, 2025 | In contract | - | |
| In contract | |||
| Jan 31, 2025 | Listed by Frasher Whaley Realty Group | $295,000 | |
| Listed by Frasher Whaley Realty Group | |||
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Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Tuscaloosa-Lakewood
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Listed by: John Whaley, Frasher Whaley Realty Group
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10073894
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10073894
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