$220,000
●
House -
Off Market
622 Bacon Street
Durham, NC 27703
3 Beds
2 Baths,
1
Half Bath
1,380 Ft²
$1,131
Est. Monthly
10.86%
Cap Rate
About This Property
Fry up this Bacon and put it in the pan. Come by and rescue
me and make me beautiful again. The 3 bedroom 1 bath are on the 1st
floor with 1380 Sq Ft. There is an unfinished basement with 1020 Sq
Ft. as well as the 30' deep x 12' wide garage.
Convert the basement and garage to livable Sq Ft and add 1380 Sq Ft. Great return on this investment as you can double the livable Sq Ft. Behind the house is a good sized open space that could have many uses. This 1960 cool kid is ready to come back to life. You are in good company as some homes around this property have been fixed up. This is your opportunity to keep the ball rolling.
Close to North Carolina Central University and Durham Technical Community College and just 2 miles to downtown Durham.
More info www.HPWListingInfo.com
ROOM DIMENSIONS: Living room 15.3 x 14.4, Dining room 13 x 14.4, Kitchen 14 x 13.3, Bedroom one 12.6 x 12.3, Bedroom two 12 x 12.3, Bedroom three 12 x 11.5 Front porch 17 x 7, Side porch 4 x 6, Garage 12 x 30, Basement interior 28.8 x 32.5
Convert the basement and garage to livable Sq Ft and add 1380 Sq Ft. Great return on this investment as you can double the livable Sq Ft. Behind the house is a good sized open space that could have many uses. This 1960 cool kid is ready to come back to life. You are in good company as some homes around this property have been fixed up. This is your opportunity to keep the ball rolling.
Close to North Carolina Central University and Durham Technical Community College and just 2 miles to downtown Durham.
More info www.HPWListingInfo.com
ROOM DIMENSIONS: Living room 15.3 x 14.4, Dining room 13 x 14.4, Kitchen 14 x 13.3, Bedroom one 12.6 x 12.3, Bedroom two 12 x 12.3, Bedroom three 12 x 11.5 Front porch 17 x 7, Side porch 4 x 6, Garage 12 x 30, Basement interior 28.8 x 32.5
Unit Size
1,380 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$152
Property Type
House
Property Taxes
$99
HOA Dues
-
Year Built
1960
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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: 3 years ago (TMLS #10050772)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 16, 2024 | Sold | ||
| Sold | |||
| Sep 10, 2024 | In contract | - | |
| In contract | |||
| Sep 5, 2024 | Listed by Coldwell Banker - HPW | $210,000 | |
| Listed by Coldwell Banker - HPW | |||
Property Highlights
Garage
Parking Available
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Durham
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Listed by: Carl Johnson, Coldwell Banker - HPW
Last Updated: 3 years ago
Data Source: TMLS, MLS# 10050772
Last Updated: 3 years ago
Data Source: TMLS, MLS# 10050772
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