$45,000
●
Land -
Off Market
905 Bunn Terrace
Durham, NC 27703
Studio
0 Bath
$68,386
RealtyHop Estimate
51.97%
Since Feb 1, 2019
National-US
Primary Model
About This Property
Private lot on the edge of Downtown Durham. Quiet street and lush
vegetation provide a tranquil escape just steps from the city
activity. Just 5 minutes to Dos Perros, Bull City Burger, and all
that Downtown Durham has to offer. Walking distance to grocery,
pharmacy, post office, restaurants, and other conveniences. Easy
access to I-85, NC-147 & US 70. Zoned RU-5 w/city water & sewer
on-site. Multiple lots available- potential package deal.
Commercial lots also available.
Unit Size
-
Days on Market
-
Land Size
0.51 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
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Cap Rate Calculator
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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 #2218787)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 13, 2023 | No longer available | - | |
| No longer available | |||
| Dec 3, 2023 | Listed by Triangle Residential Realty | $225,000 | |
| Listed by Triangle Residential Realty | |||
| | |||
|
Vacant lot in great Durham location! Per City of Durham, city water and sewer available at the street. No known deed restrictions. Residential zoning R-3.
| |||
| Nov 7, 2023 | Sold | ||
| Sold | |||
| May 20, 2023 | Listed by Triangle Residential Realty | $225,000 | |
| Listed by Triangle Residential Realty | |||
| | |||
|
Vacant lot in great Durham location! Per City of Durham, city water and sewer available at the street. No known deed restrictions. Residential zoning R-3.
| |||
| Jan 11, 2019 | Sold | ||
| Sold | |||
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Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Sold On
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HOA + Taxes
About East Durham
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Listed by: John Whaley, Frasher Whaley Realty Group
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2218787
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2218787
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