$571,050
●
House -
Off Market
2988 Carolyn Drive
Durham, NC 27703
4 Beds
3 Baths,
1
Half Bath
2,160 Ft²
$3,157
Est. Monthly
4.51%
Cap Rate
About This Property
Main home is 1,660 sqft w/3 beds and 2.5 baths. 500 sqft Apt above
garage is 1bed/1bath This custom multi family build is tucked
away on a private .4 acre lot close to Brier Creek and DT Durham.
Both the main home and the additional apartment above garage could
be used as a short term or traditional rental. High end quartz
countertops, custom 42' cabinetry, & top of the line appliances are
all included. Insulated windows, soft close cabinetry, and top of
the line quartz make this an investor dream. Can be bought as a
package with 2982 Carolyn Dr. $5,000 in closing costs & 6.375%
interest rate offered with preferred lender Richard Morgan at First
National Bank. Builder to pay attorney fee if buyer uses Browning
Law Firm.
Unit Size
2,160 Ft²
Days on Market
-
Land Size
0.40 acres
Price per sqft
$266
Property Type
House
Property Taxes
$333
HOA Dues
-
Year Built
-
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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 #10009882)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 26, 2024 | Sold | ||
| Sold | |||
| Feb 5, 2024 | Listed by Next Stage Realty | $575,000 | |
| Listed by Next Stage Realty | |||
| Nov 28, 2023 | No longer available | - | |
| No longer available | |||
| Nov 15, 2023 | Listed by Next Stage Realty LLC | $595,000 | |
| Listed by Next Stage Realty LLC | |||
| | |||
|
Main home is 1,660 sqft w/3 beds and 2.5 baths. 500 sqft Apt above garage is 1bed/1bath This custom multi family built home is tucked away on a private .4 acre lot close to Brier Creek and DT Durham. Both the main home and the additional apartment above garage could be used as a short term or traditional rental. High end quartz countertops, custom 42" cabinetry, & top of the line appliances are all included. Insulated windows, soft close cabinetry, and top of the line quartz make this an investor dream. The manager has listed the unit size as 2163 square feet.
| |||
| Nov 2, 2023 | Listed by Next Stage Realty | $575,000 | |
| Listed by Next Stage Realty | |||
| | |||
|
2,160 sqft with 4 beds and 3.5 baths between main home and finished 2nd floor of detached garage combined. This custom built home is tucked away on a private .4 acre lot close to Brier Creek and DT Durham. High end quartz countertops, custom 42' cabinetry, & top of the line appliances! Additional space above the garage includes a full bath and kitchen. Uses include an extra bedroom, MIL Suite, or flex space/bonus room. Multi family investor options include short term and traditional rental options. $5,000 in closing costs & 6.375% interest rate offered with preferred lender Richard Morgan at First National Bank. Builder to pay attorney fee if buyer uses Browning Law Firm.
| |||
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Property Highlights
Garage
Parking Available
Air Conditioning
With View
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Type
Beds
Baths
ft²
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HOA + Taxes
About Cedar Hills
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Listed by: Keegan Reynolds, Next Stage Realty
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10009882
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10009882
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