308 Fleming Drive
About This Property
Tucked into the tree-lined charm of Huckleberry Heights, this 3 bedroom, 2.5 bathroom gem sits just steps from the Eno River State Park trail system. Walk out your front door and straight into nature, then be back in time for dinner downtown. It's the kind of home where you can see hummingbirds at breakfast and the Durham Bulls by first pitch.
Inside, it's easy living with hardwood floors throughout the main level and soft carpet in the bedrooms upstairs. A new smooth-sliding glass door leads to your rear deck where a canopy of hardwoods offers shade, privacy, and the soundtrack of rustling leaves in your partially-fenced back yard that is ideal for passing time with a book, parties with pals, or playing with pups. The side yard offers plenty of sun and is ready for planting your winter crop with in-place raised, deer-safe garden beds!
There's even an attached one-car garage-a rarity around here-and extra paved parking because your friends will definitely want to visit. And if you're tired of asking permission for every home decision, you'll be glad to know Huckleberry Heights has no HOA.
Updates have been handled like a pro: the roof was replaced in 2018, the heat pump's from 2014 and still going strong, the crawl space was fully encapsulated in 2023, and the sewer line from the house to the road was completely replaced in 2024. In other words, the big stuff's been done, so you can focus on picking the perfect string lights for your deck.
Located just past PICNIC on Cole Mill Road, 308 Fleming is 3 miles from I-85, 4 miles from Duke Hospital, and 6.5 miles from Bulls games, DPAC shows, and that perfect post-movie pint downtown. But the true treasure is right out your front door-step outside, hit the Eno River trails, and breathe deep. You're home.
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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%.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017