$378,000
●
Land -
Off Market
312 Powe Street
Durham, NC 27705
Studio
0 Bath
$1,330
Est. Monthly
About This Property
Current Bid $378K last day to upset bid is 9/16. New
upset bid price is $396,900 deposit amount $19,845
certified funds, Payable Clerk of Court.( file #
24SP000036-310) All funds on deposit with the clerk of court CAN
NOT be used toward closing if you are the high bidder. These funds
will be returned after closing. Property within walking
distance of Duke University Campus. Commissioner's sale, all
offers are subject to 10 day bid upset period. After initial
accepted offer, all upset bids MUST be done at Clerk of Court,
Special Proceedings Dept. Durham County Court House. Any funds on
deposit with clerk of court, can NOT be used for closing. These
funds will be refunded after deed is recorded. Property sold '' as
is'' along with adjoining lot at 1406 Hull Ave to maximum Highest &
best Use. Per Small lot regulation & zoning these two lots have the
potential for up to 10 units.
Unit Size
-
Days on Market
-
Land Size
0.25 acres
Price per sqft
-
Property Type
Land
Property Taxes
$127
HOA Dues
-
Year Built
1920
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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 #10041088)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 31, 2024 | Sold | ||
| Sold | |||
| Sep 18, 2024 | In contract | - | |
| In contract | |||
| Jul 9, 2024 | Listed by Martin & Company | $245,000 | |
| Listed by Martin & Company | |||
| | |||
|
Current Bid $378K last day to upset bid is 9/16. New upset bid price is $396,900 deposit amount $19,845 certified funds, Payable Clerk of Court.( file # 24SP000036-310) All funds on deposit with the clerk of court CAN NOT be used toward closing if you are the high bidder. These funds will be returned after closing. Property within walking distance of Duke University Campus. Commissioner's sale, all offers are subject to 10 day bid upset period. After initial accepted offer, all upset bids MUST be done at Clerk of Court, Special Proceedings Dept. Durham County Court House. Any funds on deposit with clerk of court, can NOT be used for closing. These funds will be refunded after deed is recorded. Property sold '' as is'' along with adjoining lot at 1406 Hull Ave to maximum Highest & best Use. Per Small lot regulation & zoning these two lots have the potential for up to 10 units.
| |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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ft²
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HOA + Taxes
About Duke University - West Campus
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Listed by: I. Jarvis Martin, Martin & Company
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10041088
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10041088
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