$650,350
●
House -
Off Market
904 Oakland Avenue
Durham, NC 27705
2 Beds
2 Baths,
1
Half Bath
1,250 Ft²
$3,323
Est. Monthly
2.34%
Cap Rate
About This Property
The timeless charm of the classic Craftsman and the utmost in
contemporary convenience brings something NEW to Old West Durham.
Located less than a mile from Duke, you'll find timeless
craftsmanship and refined aesthetics throughout a versatile floor
plan and incredible backyard. Featuring site finished Oak
hardwoods, quartz countertops, stainless steel appliances, tile
bathrooms and showers, tankless hot water heater, sealed
crawlspace, 50-year shingles, and more! The fully fenced backyard
is destined to provide an unrivaled space for entertaining and
relaxation. Experience urban sophistication just seconds from
downtown Durham, world-class academia and medical care, shopping,
dining, entertainment, and more!
Unit Size
1,250 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$479
Property Type
House
Property Taxes
$381
HOA Dues
-
Year Built
1975
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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 #10012464)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 7, 2024 | Sold | ||
| Sold | |||
| Feb 19, 2024 | Listed by Long & Foster Real Estate INC | $599,000 | |
| Listed by Long & Foster Real Estate INC | |||
| May 20, 2022 | No longer available | - | |
| No longer available | |||
| Apr 3, 2022 | In contract | - | |
| In contract | |||
| Jan 18, 2022 | Listed by Durham | $400,000 | |
| Listed by Durham | |||
| | |||
|
Building is used as a community center for the West Durham Pentecostal Holiness Church. To remove building and build residential properties may rezoning. Current structure has large meeting area, kitchen, one closet and two bathrooms. Property to be sold with 908 Oakland MLS 2427428, vacant lot, Price for both properties $800,000.
| |||
Property Highlights
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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Baths
ft²
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About Old West Durham
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Listed by: David Bermel, Long & Foster Real Estate INC
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10012464
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10012464
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